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| Medvedev arrives for Chavez talks | |
| (about 2 hours later) | |
| Russian President Dmitry Medvedev has arrived in Venezuela for talks with President Hugo Chavez. | Russian President Dmitry Medvedev has arrived in Venezuela for talks with President Hugo Chavez. |
| Mr Medvedev will also visit Russian ships moored in the Caribbean. | Mr Medvedev will also visit Russian ships moored in the Caribbean. |
| The visit is part of a Latin American tour aimed at boosting Russia's presence and trade ties in a region of strategic importance to the US. | The visit is part of a Latin American tour aimed at boosting Russia's presence and trade ties in a region of strategic importance to the US. |
| He travelled from Brazil where he and President Luiz Inacio Lula da Silva held talks on boosting trade and technical co-operation. | He travelled from Brazil where he and President Luiz Inacio Lula da Silva held talks on boosting trade and technical co-operation. |
| Russian warships, including the nuclear-powered cruiser Peter the Great, sailed into Venezuelan waters on Tuesday, greeted by a 21-gun salute. | Russian warships, including the nuclear-powered cruiser Peter the Great, sailed into Venezuelan waters on Tuesday, greeted by a 21-gun salute. |
| Military co-operation is likely to be high on the agenda of Mr Medvedev's talks with President Chavez. | Military co-operation is likely to be high on the agenda of Mr Medvedev's talks with President Chavez. |
| Russia is already a major arms supplier to Venezuela, with contracts worth some $4.4bn (£2.39bn). | Russia is already a major arms supplier to Venezuela, with contracts worth some $4.4bn (£2.39bn). |
| Financial crisis | Financial crisis |
| During his visit to Caracas, Mr Medvedev could sign an accord under which Russia would help Venezuela build a nuclear energy plant. | During his visit to Caracas, Mr Medvedev could sign an accord under which Russia would help Venezuela build a nuclear energy plant. |
| The two countries already co-operate closely on energy matters, with their state-owned energy companies embarking on joint enterprises. | The two countries already co-operate closely on energy matters, with their state-owned energy companies embarking on joint enterprises. |
| At talks in Rio de Janeiro, President Medvedev and President Lula expressed their view that the "BRIC" countries - Brazil, Russia, India and China - should hold their first summit in Russia in 2009, Reuters reports. | At talks in Rio de Janeiro, President Medvedev and President Lula expressed their view that the "BRIC" countries - Brazil, Russia, India and China - should hold their first summit in Russia in 2009, Reuters reports. |
| "The financial crisis, which we haven't started and we are not to blame for, affected the global economic situation and we are forced to react," Mr Medvedev told reporters. | "The financial crisis, which we haven't started and we are not to blame for, affected the global economic situation and we are forced to react," Mr Medvedev told reporters. |
| "We agreed with President Lula that we will co-ordinate our efforts with Brazil in fighting the crisis and creating a new global financial architecture." | "We agreed with President Lula that we will co-ordinate our efforts with Brazil in fighting the crisis and creating a new global financial architecture." |