Introduction to International Politics

Foreign Event Analysis

Locale[]
Russian Federation
Title
Russia Lends Venezuela 1 Billion USD to Buy Russian Arms
Summary
Russia has lent Venezuela one billion dollars to help Venezuela purchase Russian military technology. The loan will go toward the 4.4 billion in arms the Latin American country has promised to buy from Russia over a dozen arms deals signed between the two nations since 2005.
Analysis
This is clearly the latest development in the strengthening of Russo-Venezuelan ties as both countries seek to gain power in comparison to the United States and other potential rivals. Venezuela is looking for the partners and finances to build its military for security, while Russia is looking to forge alliances with non-NATO nations and boost trade relations with other countries that may feel at odds with the United States.
Increased links between these two countries could eventually lead to security questions in the United States, the same way NATO agreements worry Russia, as one nation begins to feel pressured by somewhat hostile nations from multiple directions. The fact that these trade agreements focus on military technology further proves that the relationship is heavily based on power.
Perspectiver
Realist
In-Region URL
Out-of-Region URL
Submitted
September 26, 2008 at 03:56 am