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Putin Says Arms Sales To Venezuela 'Could Exceed $5 Billion'

Putin met with Chavez in Caracas on April 2.

Putin met with Chavez in Caracas on April 2.

Russian news agencies report that Russian Prime Minister Vladimir Putin said the country's arms sales to Venezuela "could exceed $5 billion."

Putin met Venezuelan President Hugo Chavez in Caracas on April 2.

The United States has repeatedly voiced concern over Russian weapons sales to Venezuela, a country that has bought over $4 billion in arms from Russia since 2005.

Russia on April 2 agreed to loan Venezuela up to $2.2 billion for the new arms deals.

Meanwhile, Russian President Dmitry Medvedev will travel to Argentina on an official visit on April 14-15, followed by a trip to Brazil on April 15-16, the Kremlin said in a statement.

Compiled from agency reports