Putin vows 'support' as Venezuela's Maduro seeks financial aid

Petro price booms as Venezuelan President announces new peg at 9,000 bolivares

In his visit, which began last Sunday, Erdogan said that the Turkish intelligence service shared information with his Venezuelan counterpart, expressing confidence in the continued cooperation between the two bodies.

Following his talks with Erdogan, Maduro headed to Moscow for talks with Russian President Vladimir Putin, slated for Wednesday, according to the Kremlin.

Putin's foreign affairs adviser, Yuri Ushakov, said Russian Federation will express its support for a peaceful dialogue in Venezuela, adding that all of the country's "internal political problems must be settled through an open dialogue between political forces".

US sanctions also target Venezuela's gold sales, but Maduro defiantly said that won't stop him from continuing his country's newfound trade with Turkey.

"Turkish investors will continue to develop and strengthen trade and the progress in oil production and refineries, petrochemicals for gold production, in diamonds, coltan, iron aluminum and tourism", said the Venezuelan president.

Maduro's statement came during a joint press conference with Turkish President Tayyip Erdogan, who is visiting Caracas.

Erdogan and Maduro signed a series of agreements in the areas of mining, commerce and oil.

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Maduro added he remains "in permanent contact" with the Russian leader. "Trade restrictions and unilateral sanctions do not seem right to us", Erdogan said. These attempts will further deepen instability.

"Political problems can not be resolved by punishing an entire nation", said the Turkish head of state.

Without naming the United States, Maduro decried sanctions and said Venezuela had the right to sell gold.

Along with the increase in the minimum wage, Maduro raised the exchange rate for Petro, since the two indices attached to each other.

Maduro said Turkish businesses intend to invest some 4.5 billion euros in its OPEC partner.

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