Venezuelan president arrives in Moscow to meet with Putin

Magnificent future for Turkey and Venezuela Maduro

Magnificent future for Turkey and Venezuela Maduro

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

Mr Maduro, the increasingly erratic Venezuelan president who has sparked an exodus from his country with his catastrophic economic policies, greeted Mr Erdogan in the capital Caracas hours before they signed ten treaties spanning trade, defence and academia, according to Turkey state news agency Anadolu.

"Political problems can not be resolved by punishing an entire nation", said the Turkish head of state.

Maduro has become increasingly isolated in the world under growing sanctions led by the US and the European Union which accuse him of undermining democratic institutions to hold onto power, while overseeing an economic and political crisis worse than the Great Depression.

"The situation in the economic sphere [in Venezuela] remains hard, though some moderate signs of improvement can be observed".

"There are solid ties in friendship and solidarity between our countries". One of the reasons for the attack was "Venezuela's strong support for Palestine". "We are standing firmly, we are winning". The main item between the two countries is gold marketing.

"Whatever Venezuela produces, it has a right to sell in the world", Maduro said.

Maduro is setting out on the road after hosting his Turkish counterpart Recep Tayyip Erdogan in Caracas.

Figures from the Turkish Statistical Institute say that in the first nine months of the year, Turkey bought $900 million in gold mined in Venezuela - revenue that has helped replace the government's crashing oil revenues.

In November, Washington imposed new restrictions against Venezuela targeting its gold exports.

Hit by low oil prices, mismanagement and the impact of U.S. sanctions, Venezuela is in freefall.

Both leaders are battling financial crises and have clashed with the U.S. in recent months.

The US has accused Venezuela's government of violating human rights and triggering an economic meltdown.

Massive inflation and a shortage of basic commodities such as foodstuffs and medicine have forced an estimated 2.3 million Venezuelans to immigrate to other South American countries.

Maduro responded by saying that his government has overcome the challenges it faced.

The president also said Venezuela had handed over two schools affiliated with the FETÖ - the group behind the 2016 coup attempt in Turkey - to a Turkish education body.

Turkey, a North Atlantic Treaty Organisation ally of the USA, has been involved in its own trade row with Washington, among other disputes.

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