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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Russia going to sell $59 Billion in assets..Privatizatio...

The last time Russia did that, they waited a while and took much of it back.

They need cash because when they went to the EU this summer for loans, they got a big fat no. The EU really doesn't have the money to loan anyway with all of their issues.

There is only one deep pocket now that makes loans -- China, but it is usually tied to acquiring natural resources.

This article highlights the fact that Russia cannot afford to do deals in Venezuela, only make loans for the purchase of Russian weapons -- really just a credit sale.

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