After six months of electricity rationing that took a significant political toll on President Hugo Chávez, Venezuela and Russia signed an ambitious agreement by which Russia pledged to build a nuclear power plant in Venezuela and transfer certain nuclear technology to be used exclusively for peaceful purposes. The commitment, which also included bilateral cooperation in other areas—-finance (creating a Russian-Venezuelan bank), trade, housing construction, military equipment, oil and technology provision—-makes the two countries what Russian President Dmitri Medvedev called "strategic partners."
Gaudín, Andrés. "Venezuela and Russia Sign Nuclear Energy Deal." (2010). https://digitalrepository.unm.edu/la_energy_notien/42