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Hugo Chavez Buys Powerful Missiles with Russia Loan
CNBC ^ | Published: Monday, 14 Sep 2009 | 6:42 AM ET

Posted on 09/14/2009 6:13:42 AM PDT by Lazamataz

Russia has agreed to lend Venezuela over $2 billion to purchase tanks and advanced anti-aircraft missiles in deals that show Moscow's commitment to working closely with Washington-foe President Hugo Chavez.

Chavez said Sunday the purchases agreed upon on a trip to Moscow last week included 92 tanks and an S-300 missile system that can shoot down fighter jets and cruise missiles.

Two years ago, Russia agreed to sell the same S-300 system to Iran but has dragged its feet over delivering the weapons amid U.S. and Israeli concerns they will be used to defend Iran's nuclear installations.

The socialist Chavez, who claims the United States could attack Venezuela for its oil reserves, also reiterated that Moscow was helping Venezuela develop nuclear energy but said he had no intention of developing an atomic bomb.

"Let me be clear, Venezuela has no plans to invade anybody, or to be aggressive towards anybody," Chavez said on his weekly television show after announcing the $2.2 billion loan.

He did not say how much the new weapons cost. A major oil exporter, Venezuela's finances have suffered this year because of lower crude prices.

Chavez said Venezuela needed to borrow the money for defense spending to avoid cuts in education and health.

In recent years, Venezuela has bought over $4 billion in weapons from Russia including 24 Sukhoi fighter jets.

Critics say Venezuela is fueling an arms race in Latin America, but Chavez says he is modernizing the military for defensive purposes.

Venezuela is embroiled in a diplomatic dispute with Colombia over a deal to allow U.S. troops into more bases in the neighboring country to help fight drug traffickers and guerrillas.

Chavez, a fierce critic of U.S. foreign policy, says the Colombian bases plan could be used to launch an attack on Venezuela and increases the risk of war in South America.

Last year, he ordered tanks to the Colombian border in a dispute over a Colombian bombing raid in Ecuadorean territory.

Chavez, who visited Moscow last week, said Venezuela was now buying 92 Russian T-72 tanks along with several types of missiles to build an air defense system.

He mentioned the Buk-M2 and S-300 surface-to-air missile systems and the Smerch rocket launcher.

The S-300, also known as the SA-20, is an extremely effective anti-aircraft system capable of tracking 100 targets at once.

It can be used with missiles with a range of about 125 miles and can engage six targets simultaneously.

"With these rockets it's going to be very difficult for foreign planes to come and bomb us," Chavez said.

It was not immediately clear when Venezuela would receive the new weapons. Russia signed a contract in 2007 to supply Iran with the S-300 system.

Last week Russia dismissed rumors that a ship supposedly loaded with timber that went missing in the Atlantic in July had really been carrying a cargo of S-300s for Iran.

Israeli Prime Minister Benjamin Netanyahu secretly visited Russia on Thursday.

Although Israel has not discussed the purpose of the trip it is thought he was discussing the S-300.

Chavez repeated on Sunday his commitment to developing nuclear power for peaceful purposes with the help of Russia and said he was opposed to nuclear weapons.

"With Russia we have created an atomic energy commission and I tell the world -- Venezuela is going to start developing nuclear energy, but we are not going to make an atomic bomb." Russia agreed last year to help restart Venezuela's nuclear program.

Venezuela has one mothballed experimental nuclear reactor built decades ago.

Experts say it will take many years for the South American country to produce atomic energy.

Last week, New York District Attorney Robert Morgenthau said he suspected Venezuela was helping Iran's nuclear program through its banking system.

Chavez, an ally of Iranian President Mahmoud Ahmadinejad, often jokes that Washington thinks Iranian built dairies and bicycle factories in Venezuela are really producing weapons.


TOPICS: Foreign Affairs; News/Current Events
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1 posted on 09/14/2009 6:13:44 AM PDT by Lazamataz
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To: Lazamataz

All of this being overlooked by the Amateur in Chief.


2 posted on 09/14/2009 6:15:09 AM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Lazamataz
$2 billion of sub prime loans to Venezuela. I wonder how much Russia will ever see of that money?
3 posted on 09/14/2009 6:16:35 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Lazamataz
Some people laughed at this :

Maybe George Washington was on to something here and was warned :

Washington's Vision .......

Call it a hoax if you will, but, after reading the news even in the last year, this is to close for comfort.
4 posted on 09/14/2009 6:18:57 AM PDT by American Constitutionalist
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To: Lazamataz

thank you Obama....


5 posted on 09/14/2009 6:21:29 AM PDT by dalebert
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To: Lazamataz
WAKE UP AMERICA!!

There is no mistaking it,
YOU ARE HERE:


6 posted on 09/14/2009 6:21:39 AM PDT by Vaquero ("an armed society is a polite society" Robert A. Heinlein)
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To: Lazamataz


7 posted on 09/14/2009 6:22:41 AM PDT by Diogenesis ("Those who go below the surface do so at their peril" - Oscar Wilde)
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To: Lazamataz

Whats he going to do with 92 tanks, May Day Parades? His own presidential army?


8 posted on 09/14/2009 6:23:18 AM PDT by GeronL (http://libertyfic.proboards.com ............. http://tyrannysentinel.blogspot.com)
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To: Lazamataz
I tell the world -- Venezuela is going to start developing nuclear energy, but we are not going to make an atomic bomb."

Gee - where have we heard that line before?
9 posted on 09/14/2009 6:26:32 AM PDT by reagan_fanatic (Welcome to the Revolution.)
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To: Lazamataz
Russia has agreed to lend Venezuela over $2 billion to purchase tanks and advanced anti-aircraft missiles in deals that show Moscow's commitment to working closely with Washington-foe President Hugo Chavez.

With all that oil money Venezuela needs a loan? What's the matter, has Chavez run the economy of Venezuela into the ground already?

Here's hoping Chavez discovers that the Russians are shipping him the equipment that failed quality control tests, and here's hoping the Russians never see a ruble of repayment.

10 posted on 09/14/2009 6:26:58 AM PDT by Cheburashka (Stephen Decatur: you want barrels of gunpowder as tribute, you must expect cannonballs with it.)
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To: Lazamataz

So when are they going to buy weapons from the US? I’m sure Obama would be willing to sell some to his buddy.


11 posted on 09/14/2009 6:27:09 AM PDT by boughtwithaprice
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To: Lazamataz
So what? According to a certain section of FReepers (including the set who believe that all we need is A-10s), the S-300 is nothing more than just vaporware! Thus, why worry. After all, the S-300 did not work so well for the Syrians when the Israelis attacked (please forget the fact that the S-300 was not in Syria and all they had were vintage Soviet SAMs; or that the ingress routes used were quite porous; or that the Syrians tried to obfuscate the site as non-military ....but then again, who cares about facts).

Thus, so what if Hugo gets some double-digit SAMs. The S-300 never helped Syria, never helped Sadam, and was woefully inadequate in World War 1 and the Civil War. Just pump out more A-10s and all will be well.

12 posted on 09/14/2009 6:28:11 AM PDT by spetznaz (Nuclear-tipped Ballistic Missiles: The Ultimate Phallic Symbol)
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To: Lazamataz

“He mentioned the Buk-M2 and S-300 surface-to-air missile systems and the Smerch rocket launcher.”

The Smerch (Tornado) is a bad boy. It carries a dozen 300 mm rockets with a range of 40 or 50 miles. No match for U.S. counterbattery fire, I’m sure, but I’d be (just a little more) wary if I was one of Hugo’s neighbors...


13 posted on 09/14/2009 6:29:35 AM PDT by DemforBush (Somebody wake me when sanity has returned to the nation.)
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To: spetznaz

While I disagree with the implied assertion that American equipment is inferior to Soviet equipment, I suspect within 3 to 5 years, our present president will make sure all American stuff is junk.


14 posted on 09/14/2009 6:30:00 AM PDT by Lazamataz (Put butter on your tag line.)
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To: spetznaz

We don’t believe that. Most of us know that S-300’s are scary, and very capable missiles.
That said, folks who can’t build their own high-tech SAMs are in bad shape when they get caught in a war with folks who can...

Personally, I’d be buying high tech manufacturing equipment and training for it.


15 posted on 09/14/2009 6:36:13 AM PDT by Little Ray (Obama is a kamikaze president aimed at the heart of this Republic.)
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To: Little Ray

Hugo is beginning to sound like Barry.


16 posted on 09/14/2009 6:44:58 AM PDT by Eric in the Ozarks
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To: Lazamataz

No paranoia there, nope nope nope...what a maroon. But he cuts a dashing figure in that red beret!

Colonel, USAFR


17 posted on 09/14/2009 6:59:50 AM PDT by jagusafr (Kill the red lizard, Lord! - nod to C.S. Lewis)
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To: Lazamataz

I remember they ( The MSM and the Democrats ) cried foul in another decade about arms and weapons being sent to a Central America country.


18 posted on 09/14/2009 7:03:41 AM PDT by American Constitutionalist
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To: spetznaz

Supposedly, only the F-22 and possibly the F-35 might be capable against this system. No wonder the F-22 is being canceled. Perhaps that’s the deal with Russia to keep them from selling/giving it to Iran. Gates and obama kill the F-22 and Iran doesn’t get the S-300. Too bad it takes a lot longer to ramp up F-22 production again than it does to build S-300 systems.


19 posted on 09/14/2009 7:05:47 AM PDT by GBA
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To: jagusafr; Lazamataz
If you're interested, I just did a show on Chávez. (I've been watching this guy since '92, if you can believe it.)
20 posted on 09/14/2009 7:17:51 AM PDT by AnnaZ (I keep 2 magnums in my desk.One's a gun and I keep it loaded.Other's a bottle and it keeps me loaded)
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