Venezuelan Foreign Minister Nicolas Maduro came back home from Russia with agreement to create a joint bank that will guarantee the financial stability of the bilateral links.
Russia supports the creation of "an international petroleum bank," Venezuelan President Hugo Chavez said at a ceremony honoring late Argentine guerrilla leader Ernesto "Che" Guevara.
This confidence is maintained by Venezuela's Foreign Minister Nicolas Madu.
His Russian counterpart, Sergei Lavrov, said after meeting with Maduro that the joint bank would guarantee stability amid the global economic crisis.
"The more cooperation mechanisms are established, the more stable the situation of countries participating in them will be," Lavrov said, adding that the current crisis has highlighted the inconsistencies of the existing financial system.
Author:
Ksenia Kochneva
