Agreements on Economic & Energy Co-operation between Russia & Argentina

Date: April 27, 2015

European Union US Vladimir Putin Argentina

Russia & Argentina: Comprehensive Strategic Partnership

Recently,Argentine President Cristina Fernandez de Kirchner paid a two days visit to Moscow.Kirchner and Russian President Vladimir Putin termed the agreements as a comprehensive strategic partnership between the two countries.

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The agreements includes-
  i)  Russia agreed to finance the hydroelectric plant in Argentina’s Neuquen River
  ii) Russia’s Rosatom nuclear corporation agreed to build a new reactor at Argentina’s Atucha 3 nuclear power plant
  iii) A Memorandum of Co-operation (MoC) was signed on defence

Both countries also agreed to consider use of their own currencies for bilateral trade rather than US dollars. 

Here it is important to note that Russia has shifted its policy towards Asia, Africa and South American countries to position itself better on world plateform alongwith minimizing the effects of economic sanctions imposed by European Union and the US over the crisis in Ukraine.