Maduro departs to meet Putin in Moscow

Maduro departs to meet Putin in Moscow

Ties between Turkey and the United States, two North Atlantic Treaty Organisation allies, have also been strained.

Trump last month signed an executive order banning anyone in the USA from dealing with entities and people involved in "corrupt or deceptive" gold sales from the South American country, and late past year he banned U.S. financial institutions from providing new money to the government or the state oil company, PDVSA.

"Turkish investors will continue to develop and strengthen trade and the progress in oil production and refineries, petrochemicals for gold production, in diamonds, coltan, iron aluminum and tourism", said the Venezuelan president.

His remarks came after a meeting with his Turkish counterpart, in which Maduro said the two leaders signed agreements on economic issues as well as on defense, education, and culture. "We do not approve of these measures that ignore the rules of global trade".

Maradona, who has gone on record with his support of Maduro's leadership of Venezuela in recent months, once again backed the president after an explosion in Caracas close to an event where the president was giving a speech.

Venezuela is in a fourth straight year of recession, with double-digit declines in its gross domestic product. Maduro frequently blames a U.S.

Along with the increase in the minimum wage, Maduro raised the exchange rate for Petro, since the two indices attached to each other.

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"The president's plane has landed", he said.

The Turkish president accused some "countries and circles", which he did not name, of being behind the assassination attempt on Maduro last August while attending a military parade broadcast on air.

The Venezuelan strongman is in Moscow to whip up support from allies to prop up an economy in freefall.

Last month the US imposed sanctions on Venezuela's gold sector.

The United States and the European Union have imposed sanctions on the Venezuelan régime and more than 50 of its officials for alleged acts of corruption and human rights violations.

According to the official press release from the Venezuelan government, Maduro presented Putin with what he called the "Economic Growth and Prosperity Program", an attempt to gain Russia's trust with a comprehensive plan to fix the Venezuelan economy through socialism.

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