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Venezuela, Russia commission reviews energy projects

Politics
Russian Deputy Prime Minister Igor Sechin is visiting Venezuela to make preparations for the visit of Russian President Dmitry Medvedev, AFP reported.

Sechin, who is accompanied by a group of Russian businessmen, held a meeting on Wednesday with President Hugo Chávez and Foreign Minister Nicolás Maduro.

During his stay in Venezuela, the deputy prime minister will establish a high level Russian-Venezuelan commission to discuss energy, finance, industry and technology topics as well as military, spatial and nuclear issues.

Additionally, the Russian PM will be present in the starting works to drill a natural gas well in the Gulf of Venezuela, in a joint venture with the Russian oil and gas company Gazprom.

Venezuelan President Hugo Chavez has held up Russian economic cooperation as evidence of the two countries' "strategic" relations.


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Worsening chronic poverty in Venezuelan households

11:00 AM. Economy. Based on the official data, more and more families failed to get out of poverty in 2008; the exclusion status of more people moved faster and fewer people are on their way to overcome this situation. According to the data provided by the official National Statistics Institute (INE), last year the poorest homes in the country recorded an average monthly income of USD 401.82, whereas the food basket amounted to 417.77

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