Agreement Between the Government of the Russian Federation and the Government of the Bolivarian Republic of Venezuela on the Promotion and Reciprocal Protection of Investments (Caracas on 7 November 2008)

Authentic text

AGREEMENT
BETWEEN THE GOVERNMENT OF THE RUSSIAN FEDERATION AND THE GOVERNMENT OF THE BOLIVARIAN REPUBLIC OF VENEZUELA ON THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS
(Caracas on 7 November 2008)

The Government of the Russian Federation and the Government of the Bolivarian Republic of Venezuela, hereinafter referred to as the Contracting Parties,

intending to create favourable conditions for making investments by investors of the State of one Contracting Party in the territory of the State of the other Contracting Party,

recognizing that the promotion and reciprocal protection of investments on the basis of the present Agreement shall stimulate inflows of capital and contribute to development of mutually beneficial trade, economic, scientific and technical cooperation,

intending to provide investors of the States of both Contracting Parties with reliable and effective legal means of protection of their rights and interests related to their investments,

have agreed as follows:

Done at Caracas on "7" November 2008 in duplicate each in the Russian, Spanish and English languages, all texts being equally authentic. In case of divergence in interpretation of the present Agreement the text in the English language shall be used.

FOR THE GOVERNMENT OF               FOR THE GOVERNMENT OF THE BOLIVARIAN
THE RUSSIAN FEDERATION                             REPUBLIC OF VENEZUELA