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  • Meeting between Venezuelan President Nicolas Maduro and his Russian counterpart, Vladimir Putin.

    Meeting between Venezuelan President Nicolas Maduro and his Russian counterpart, Vladimir Putin. | Photo: Reuters

Published 4 April 2019

Venezuelan and Russian representatives are developing new ways to circumvent a U.S. imposed  blockade.

During the XIV High Level Business Commission Forum in Moscow, Russia, representatives of the Venezuelan and Russian government are working on new ways to circumvent a U.S. imposed blockade which is seeking to isolate Venezuela both, financially and economically. 

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The Venezuelan Vicepresident for the Ministry of Planning, Ricardo Menendez, stressed that this event is folded to break blockade schemes imposed on Venezuela and also strengthen a new development model to invigorate the economic and strategic relationship between both nations.

Menendez pointed out that Venezuela plans to adopt a cooperation mechanisms between Russia and Venezuela, in order to establish new strategies for importing food supplies, as well as general products for consumption. 

"Along with President Nicolas Maduro and  the Vice President of the Economic Sector, Tareck Aissami, we've been working and distributing a scheme as part of the reorganization of the productive and economic system of Venezuela. This includes the reorganization of the countries from which we import supplies. This means that we will change our suppliers from the international markets," he added. 

Menendez also stressed that both nations are not only working on food supply agreements, but also on the cooperation for the supply of medicines and a guideline for the protection of the electrical system of the South American nation, which has been repeatedly under attack in the past few weeks. 

During the XIV High Level Business Commission Forum between Russia and Venezuela, the two countries also discussed closer cooperation on science and technology, aerospace, defense, agriculture, electricity, oil and industrial development. 

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