Title : Venezuela Borrowed Billions From Russia To Buy Fighter Jets (That It Cannot Pay Back)
link : Venezuela Borrowed Billions From Russia To Buy Fighter Jets (That It Cannot Pay Back)
Venezuela Borrowed Billions From Russia To Buy Fighter Jets (That It Cannot Pay Back)
Venezuelan Su-30MK2 fighters in formation. Military Watch
Sebastien Roblin, National Interest: Venezuela Got a Loan for $10 Billion from Russia to Pay for Fighter Jets (It Can't Pay It Back)
They'll never pay it back.
Venezuela’s economic death spiral has left it unable to pay for maintenance and training with these expensive military systems. Despite restructuring the loans into a ten-year repayment plan by 2017, it has been defaulting on those payments too.
On the morning of July 19, a U.S. Navy turboprop-engine spy plane was trolling over the Caribbean waters just north of Venezuela when it attracted unwelcome attention.
Derived from an old airliner, the EP-3E Aries II was designed to cruise over international airspace while its crew of over twenty personnel snooped on the communication signals and electromagnetic signatures of potential adversaries.
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WNU Editor: For Russia this loan is going to be a write-off. Ditto for China who has also sold weapon systems to Venezuela on credit.
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