Chavez to buy up Russian subs

Venezuelan President Hugo Chavez may sign a contract for four Russian diesel submarines on a visit to Moscow next month, the Kommersant daily has reported, citing unidentified officials.

Chavez has been invited to the May inauguration of Dmitry Medvedev as Russian president. If he takes up the invitation, the Venezuelan leader may use the opportunity to sign a contract to buy four Kilo-class diesel submarines agreed to at the start of this year, the paper said.

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The paper said Venezuela also wants to buy 12 Ilyushin Il-76 military transport aircraft while Russia is interested in selling Caracas its new generation Sukhoi Su-35 fighters, which are still being tested.

Venezuela is Russia's fourth biggest arms buyer after China, India and Algeria.



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