Venezuelan President Hugo Chavez is expected to buy more military equipment when he visits Russia later this month.
The government of Venezuela announced Thursday that Mr. Chavez will meet with Russian President Dmitri Medvedev on July 22, when he begins a five-day European tour.
The statement said President Chavez plans to buy new military hardware, including tanks.
Venezuela has already purchased $3 billion in Russian fighter jets, helicopters and guns.
The two leaders are also expected to discuss setting up a joint bank and the development of industrial and technological projects.
Some information for this report was provided by AFP and AP.