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Resurgent Russia Vows to Beef Up Military

'Colossus' created with $1B Venezuela military loan, oil deal

By Rob Quinn, Newser Staff

Posted Sep 27, 2008 6:21 AM CDT

(Newser) – Russia signed a $1 billion military loan deal with Venezuela yesterday while pledging to upgrade its own military, the New York Times reports. The country plans to ratchet its defense budget back up to Cold War levels next year and intends to have new warships... Read full story »

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Resurgent Russia Vows to Beef Up Military

'Colossus' created with $1B Venezuela military loan, oil deal

Russia • Venezuela • Vladimir Putin • Georgia • Russian military • Hugo Chávez • Dmitry Medvedev

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