By Walker Simons Reuters/Forbes.com 11/30/2009

CARACAS (Reuters) – Russia is building arms plants in Venezuela to produce AK-103 automatic rifles and cartridges and is finalizing contracts to send 53 military helicopters to the Andean nation, Moscow’s envoy to Venezuela saidMonday.

Ambassador Vladmir Zaemskiy told a news conference that Russian engineers and Venezuelan construction firms were […]