In Digest, Russia

Sputnik News, April 23, 2015

Russia and Argentina signed agreements which amounted to an “all-encompassing strategic partnership” during Argentine President Cristina Fernandez de Kirchner’s visit to Moscow.

State visit to Russia of Argentine President Cristina Fernandez de Kirchner on April 23, 2015 (Evgeny Biyatov, Sputnik)

State visit to Russia of Argentine President Cristina Fernandez de Kirchner on April 23, 2015 (Evgeny Biyatov, Sputnik)

Russia and Argentina have signed a number of deals on developing hydroelectric, nuclear and fossil-based energy and announced intentions to use each other’s currencies in trade. The memorandums are a breakthrough for economic relations between Russia and Argentina. Russian President Putin called the negotiations rich and fruitful.

Interview in Moscow with Argentine President Cristina Fernandez de Kirchner, on

“There were important long-term deals made in economic and political spheres. Russia and Argentina are entering a new stage of cooperation,” the head of Argentina’s Foreign Ministry Timerman Hector told Sputnik.

Argentine President Cristina Fernandez de Kirchner said the two sides agreed to conduct thorough consultations on using national currencies in trade calculations instead of US dollars.

Argentina’s New Power Sources

A $2 billion memorandum was signed to build a new hydroelectric dam and will consider switching to national currencies for mutual deals. Russia’s VEB bank will provide $1.2 billion of the total investments needed, 35 percent of which will be used to pay Argentine subcontractors.

In addition, Russia will provide Argentina with access to Russian nuclear power technology. The deal will be prepared by the end of the year. The head of Russian nuclear power plant company Rosatom declined to give an estimate to the deals, saying that one bloc costs “billions of dollars.”

“Rosatom has joined the project to build the sixth bloc of the Atucha nuclear power plant,” Putin said.

New Prospects for Oil and Gas

Russian energy giant Gazprom signed a memorandum to explore and develop gas fields with Argentine state gas company YPF. The deal may amount to $1 billion in investments according to Argentina’s Minister of Industry.

Russian company Uralmash will also construct a plant which will manufacture oil extraction equipment, which will amount to an additional $1.9 billion in Russian investments.

“Cristina Fernandez de Kirchner was greeted very warmly in Russia. Vladimir Putin was welcomed in Argentina the same way. This is another confirmation of the high level of mutual understanding between our countries,” a commentator on Argentina’s state television, Tico Rodriguez Paz, told Sputnik.

Putin also said that Russia and Argentina will cooperate in the military-technical sphere and pledged to accelerate the construction of GLONASS satellite navigation systems in Argentina.

In the mutual statement, Kirchner and Putin agreed that the situation in Ukraine can only be solved by peaceful means. Putin added that Russia supports Argentina in the Malvinas (Falkland) Islands dispute.

“Russia supports Argentina’s striving for direct talks with Britain to achieve prompt resolution to the Malvinas Islands dispute,” Putin added.

The Eurasian Economic Union and the Latin American MERCOSUR bloc also plan to sign a cooperation memorandum.

Read also:
Russia, Argentina to discuss increase in bilateral food supplies, Sputnik News, April 21, 2015

Report on on Argentine President Cristina Fernandez de Kirchner to Russia on April 23, 24, 2015

Interview in Moscow with Argentine President Cristina Fernandez de Kirchner, published on, April 24, 2015
We signed 11 economic agreements and also a joint statement with President Putin that establishes an all-encompassing strategic partnership between our countries, including cooperation in the political sphere. It has to do not only with our bilateral relations but also with the way we should approach global issues and also with our stance on the role of the UN–non-interference in domestic affairs of other countries and Russia’s unwavering and much valued support in the Malvinas Islands issue. We also expressed our support for UN Resolution 2202 adopted on February 17, 2015 that calls for the implementation of the Minsk ceasefire agreements.’


EDITOR’S NOTE: We remind our readers that publication of articles on our site does not mean that we agree with what is written. Our policy is to publish anything which we consider of interest, so as to assist our readers in forming their opinions. Sometimes we even publish articles with which we totally disagree, since we believe it is important for our readers to be informed on as wide a spectrum of views as possible.

Recent Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Start typing and press Enter to search

Translate »