BRUSSELS, Sept. 29 (UPI) -- Russia gives Venezuela super-favorable arms deal terms.

Russia has lent Venezuela $1 billion to buy more military equipment. No deadline for repayment of the huge loan was announced. The terms of the agreement appear exceptionally favorable to Caracas.

The Moscow business newspaper Kommersant reported that pro-Russian and extremely anti-American Venezuelan President Hugo Chavez would use the loan to buy anti-aircraft systems, armored personnel vehicles and fighter jets.

Chavez just paid his second visit in two months to Moscow. Russia also sent two supersonic Tupolev Tu-160 White Swan -- NATO designation Blackjack -- nuclear bombers on an extended visit to Venezuela, where the aircraft carried out maneuvers in the Caribbean Sea with dummy missiles. A squadron of two modern Russian warships is also being dispatched to visit Venezuela.

Russian officials said the latest $1 billion arms deal will bring the total of Russian arms sales to Venezuela to $5.4 billion.