"We have signed an agreement with a large company in Russia," El Aissami told a conference in a speech broadcast live on Venezolana de Television on Friday. The minister did not elaborate on the agreement, TASS news agency reported.
He added that Venezuela is in talks with two large automobile manufacturers in China.
"Our relations with Russia are developing in all sphere. Russia is a powerful country not only militarily, but economically as well," Venezuelan President Nicolas Maduro said.
This week El Aissami took part on the Global Summit on Production and Industrialization held in Russia's Yekaterinburg on July 9-11.