Take physic, pomp

Revolutionary Rubles

The funniest thing is that North America is still under the impression that LatAm owes it a great favour and that we humble souls down here just can’t get anything done without their magnificent presence. Why do I get the feeling that Rusoro won’t need to go through the Canadian rip-off brokerages to get its next round of financing….?

Hat tip reader ‘TL’

Russia and Venezuela signed a deal Tuesday to set up a new bank with starting capital of four billion dollars (2.9 billion euros) to fund joint projects as Moscow ramps up its role in South America.

The agreement was signed at Russian Prime Minister Vladimir Putin’s residence near Moscow by the deputy finance ministers of the two countries.

“We are moving to a high level of political and economic co-operation,” Putin said as he greeted Venezuela’s Vice President Ramon Carrizalez, who told Putin there was now a “strategic” partnership between yada yada continues here

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