Venezuelan vice president visits Moscow to rally support

Meeting of the Russian Foreign Minister S. Lavrov with the vice president of Venezuela D. Rodriguez

Meeting of the Russian Foreign Minister S. Lavrov with the vice president of Venezuela D. Rodriguez

He made the comment at a joint news conference with Venezuelan Vice President Delcy Rodriguez, who was visiting Moscow.

Venezuela's state-run energy giant PDVSA will relocate its European office to the Russian capital because of high risks of potential confiscation of oil revenues amid USA sanctions against the country's energy sector.

The political crisis in Venezuela shows no sign of dying down, as the opposition leader Juan Guaido, who declared himself as the interim president of Venezuela in January and gained solid support from the US, insisted on holding new elections in the country.

Russian Federation has provided 7.5 tons of medical supplies to Venezuela and plans to send more, Russia's top diplomat, Sergei Lavrov, told reporters after a meeting with Maduro's acting vice president, Delcy Rodriguez. "We are changing the format of our relations", Rodriguez said, as carried by TASS.

Russia, China, Mexico and Cuba are among the countries that still recognize Maduro as the legitimate president.

"Venezuela is anxious about further sanctions and asset seizures of PDVSA", Mehmet Ogutcu, chair of the Bosphorus Energy Club, told RT. "Hence the decision to relocate its European headquarters to Russian Federation so that the assets could not be risked".

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The decision to move the office to Moscow came after a source at Gazprombank told Reuters last month it would freeze PDVSA's accounts and halt transactions with the firm to reduce the risk of the Russian lender falling under USA sanctions.

He said that Russian Federation has delivered a humanitarian aid shipment to Venezuela and will provide more such assistance.

Mr. Lavrov said Russian Federation had recently sent to Venezuela 7.5 tonnes of medical supplies.

Russia, one of the Maduro government's closest allies, has also provided billions of dollars of credit to the cash-strapped country in recent years. Moscow has also helped its military and oil industry. The moment now is the most suitable to do so.

"We hope that these projects have good prospects, that there are prospects to expand them, and of course we hope our Venezuelan partners can overcome the internal political and economic difficulties they are facing as soon as possible".

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