Loan funds will be used for the creation of the all-encompassing system of defense, which will include a means of sea, land and air defense. According to Chavez, Venezuela, such a system is necessary in order to avoid the fate of the Libyan Revolution Muammar favorite Gaddafi. Clear plans to purchase weapons is not yet known. According to the Center for Analysis of Strategies and Technologies, the current order book of Venezuela on Russian weapon is about six to seven billion dollars.
Meanwhile, it is unclear exactly what kind of loan it comes to Venezuela. In October 2010, Our homeland Caracas agreed to issue export credit of $ 4 billion dollars for the purchase of T-72 tanks, multiple rocket launchers and anti-aircraft missile systems. It is possible that these specific funds will be transferred to Caracas means of a joint Russian-Venezuelan bank. In September 2009, Venezuela received Russian credit in the amount of 2.2 billion dollars.
In general, as the "Kommersant", the joint task of the new bank will not only grant loans to Venezuela, and the funding of other bilateral projects. With all of this, the organization may be, will serve as a small candidacy International Finance Facility — such a conclusion is imposed in connection with the intention of Venezuela to the consulate Bank in Beijing, says that the involvement of China. In addition, Chavez wants to convey to the bank part of the accounts of Venezuelan oil company PDVSA.
The decision to develop the joint monetary organization Our homeland and Venezuela open a discussion started back in 2006. In November 2008, the parties signed a memorandum on the organization of the Russian-Venezuelan bank with a capital of four billion dollars. In February 2011, it became clear that Venezuela transferred to the share capital of the joint Russian bank with its own fee, the amount of which, according to unconfirmed reports, amounted to about 400 million dollars.
Brand new financial institution established on the basis Russian Yevrofinans Mosnarbank. On the part of Venezuela's shareholders will Municipal Treasury bank and the Venezuelan oil company. Rassredotachivanie modicum is meant to be like this: 51 percent of the shares in the Russian Federation, 49 percent — in Venezuela.