Chavez to Order $2 Billion of Russian Arms, Kommersant Reports

From Bloomberg:

May 12 (Bloomberg) -- Venezuelan President Hugo Chavez will order $2 billion of Russian weapons, including submarines, during a visit to Moscow this month, Kommersant reported, without saying where it got the information.

Venezuela, which has bought $4 billion of Russian arms in the last three years, will order four Project 636 diesel subs, Mi-28 combat helicopters and airplanes made by Ilyushin Co., Kommersant said.

My Comment: We are a step away from an arms race in Latin America