Venezuela and Russia consolidate agricultural agreements

 Venezuela and Russia are now consolidating bilateral agreements in the agricultural sector, government sources reported.

According to reports from the state of Guarico, on Wednesday an international memorandum of understanding was signed with Russian investors in the region as part of the new 2020 sowing cycle.

The agreement establishes the terms for an alliance based on the production that the territory will have next year, opening a new opportunity to promote planting throughout the state, which will allow at least 300,000 hectares to be planted.

The agreement will also benefit farmers with high-end seeds and machinery to boost the productive system of the Guarani region and increase planting throughout the country.

The Venezuelan government promotes the agro-industrial sector as an alternative to diversify the economy and overcome with national initiatives the deficiencies and limitations imposed by the U.S. blockade against the nation.



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