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Russian nuclear power, Inc.

Russia may have recently scrapped a missile defense deal with Iran -- but the Russians are now seemingly helping out another aspiring nuclear power/purpoted "axis of evil" stand-in: Venezuela.  

According to news reports,

Russia agreed ... to help build Venezuela's first nuclear power plant, sell it tanks and buy $1.6 billion of oil assets, reinforcing ties with President Hugo Chavez who shares Russian opposition to US global dominance.

The announcement comes at the end of a two-day visit to Moscow by Chavez; if Venezuela keeps this up, they may be able to take Iraq's beloved lost spot on the roster and become the media darling commentators have been longing to find.

While the agreement between the two powers is preliminary, the move is aimed at concerns over Venezuela's heavy dependence on oil. The Guardian reports, "Venezuela's economy is 94 or even 95% made up of oil... They [the Venezuelans] want to widen their sources of energy so they are less dependent on it."

In remarks that can only be interpreted as congratulatory, State Department Spokesman Philip Crowley stated, "This is something that we will watch... very, very closely."

ALEXANDER NEMENOV/AFP/Getty Images

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