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Russia, Argentina sign nuclear agreement
July 13, 2014, 9:42 am

Putin with President of Argentina Cristina Fernandez de Kirchner during a tour of the Casa Rosada palace, the official residence of the President on 13 July 2014 [PPIO]

Putin with President of Argentina Cristina Fernandez de Kirchner during a tour of the Casa Rosada palace, the official residence of the President on 13 July 2014 [PPIO]

Ahead of his visit to Brazil to attend the 6th BRICS Summit, Russian President Vladimir Putin signed a nuclear energy agreement in Buenos Aires with Argentina in a bid to boost trade ties with the Latin American country.

Putin and his Argentine counterpart Critisna Fernandez told a press conference that Russia’s atomic energy corporation, Rosatom, would be involved in the construction of units in Argentina’s Atucha III nuclear power plant.

South American leaders including Fernandez will be attending the 6th BRICS Summit on 16th July at the Itamaraty Palace in Brasilia.

Argentina, Latin America’s third largest economy, has been building nuclear power plants to reduce its dependence on fossil fuels amid an energy crunch.

A Russian delegation traveling with Putin would also visit Vaca Muerta shale field in the southern Neuquen province, President Fernandez said.

Argentina has one of the largest shale gas reserves in the western hemisphere, and the Vaca Muerta field could double Argentina’s energy output in a decade if fully developed.

Argentina is the third leg of Putin’s six-day Latin America tour, which has taken him to Cuba and Nicaragua.

Putin, on Sunday, headed to Rio de Janeiro to watch the World Cup final together with Brazilian President Dilma Rousseff and German Chancellor Angela Merkel. Russia will host the 2018 FIFA World Cup.

The Russian President will hold talks with his BRICS counterparts on 15th and 16th July in the Brazilian cities of Fortaleza and Brasilia.

 

TBP and Agencies