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  HOME | Argentina

Putin, Argentina’s Macri Support Closer Economic Ties

JOHANNESBURG – Argentine President Mauricio Macri met on Thursday with Russia’s Vladimir Putin on the sidelines of the 10th summit of the BRICS (Brazil, Russia, India, China, South Africa) group.

“Russia is a key actor in the world and a strategic partner for Argentina. We’re moving forward a lot in different areas,” Macri said at the Johannesburg meeting.

Argentina, which holds the rotating presidency of the G-20, is taking part in the BRICS summit as a guest, and Macri on Friday will participate in the BRICS Plus working session, an initiative designed to increase South-South cooperation.

“Our relations are successful, our exchange is growing and we want to expand that cooperation,” said Putin, according to a communique released by the Argentine delegation.

Macri positively evaluated the arrival of recent Russian investment in Argentina and cited as an example the TMH company and its spending of $3 million to reactivate a rail-car maintenance facility.

Macri also expressed “enthusiasm” to Putin for greater openness in the agro-industrial area and said that Argentina could export to Russia bovine embryos and semen, fertilized eggs and agricultural machinery.

He also proposed that Russian companies participate in uranium exploration and exploitation in southern Argentina.

Argentina’s main exports to Russia include assorted food products, while Russian exports to the South American nation include diesel fuel, phosphates, fertilizers and rubber.

 

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