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Maduro departs to meet Putin in Moscow

08 December 2018

Venezuelan President Nicolas Maduro said on Monday his country has the right to export gold and sanctions interfering with that are wrong, a month after U.S. President Donald Trump signed an executive order aimed at curbing Venezuelan gold exports. "We have strong potentials in our economic relations with Venezuela", Erdogan said.

Putin spokesman Dmitry Peskov said ahead of the meeting that Maduro had traveled to Moscow specifically to ask Russian Federation - itself the target of U.S. sanctions - for financial assistance.

United States officials claim Maduro illegally exported 21 tonnes of gold to Turkey to avoid sanctions bd in an attempt to rescue a shabby economy that was once supported by its huge oil revenues.

According to the official press release from the Venezuelan government, Maduro presented Putin with what he called the "Economic Growth and Prosperity Program", an attempt to gain Russia's trust with a comprehensive plan to fix the Venezuelan economy through socialism.

According to the Organization of Petroleum Exporting Countries, Venezuelan production plummeted from 3.2 to around 1.1 barrels per day over the last decade.

Maduro earlier announced his planned to visit Russia and hold negotiations with the Russian president on December 5 on his Twitter account.

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He also said Turkey plans to build a mosque in Caracas at Venezuela's request. "Already guaranteed for 2019, and beyond".

Maduro stressed that the two countries enjoy "independent" economic relations with a high degree of transparency.

Maduro also announced Venezuela would benefit from a contract "for the maintenance and fix of the weapons system of the Bolivian Republic of Venezuela".

Caracas has made an effort to reduce dependence on US-led or -controlled financial institutions and instruments, including the dollar, and committed in September to trading in euros, yuan and "other convertible currencies" amid United States restrictions.

Erdogan reiterated that he is the first Turkish president to visit Venezuela.

Russian Federation and Venezuela enjoy a long history of ties and Maduro's predecessor Chavez, known for his passionate tirades against the United States, was a welcome guest at the Kremlin.

Maduro departs to meet Putin in Moscow