Venezuelan President Nicolas Maduro has ordered state oil company PDVSA's office in Lisbon to be relocated to Moscow, Vice President
Delcy Rodriguez said on Friday, a move she said was designed to help safeguard her country's assets.
Moscow has backed Maduro in the face of a political challenge from opposition leader Juan Guaido, who declared himself interim president in January — a move backed by most Western nations.
Rodriguez, explaining the decision to move PDVSA's office at a joint news conference in Moscow with Russian Foreign Minister Sergei Lavrov, said Europe had shown it was no longer able to guarantee the safety of Venezuela's assets.
She cited the Bank of England's reluctance to hand over her country's gold supplies as an example, and said Caracas was now determined to expand cooperation with Russia.