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Russia, Venezuela Seek to Establish a Global Financial Institution
Link: http://www.informationclearinghouse.info/article28965.htm
Russia's Kommersant newspaper said that sources of the Russian delegation accompanying Foreign Minister Sergei Lavrov in his visit to Venezuela confirmed that both governments want to create a bank. Russia and Venezuela are considering the possibility to create a new international financial institution, similar to the World Bank but on a more modest scale, according to Russia's Kommersant newspaper.
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