Russia to invest in Argentinian Nuclear Power

Russian President Medvedev is currently visiting Argentina. On his visit contracts  or the development of nuclear power in Argentina were signed by representatives of the two countries. Ria Novosti writes:

Russia intends to invest in Argentina, in atomic energy alone, a few billion dollars, said President Dmitry Medvedev, speaking at a press conference with his Argentine counterpart Cristina Fernandez de Kirchner.

Medvedev noted that many documents were signed today , and now the main task was to implement them.

“Let’s say, for example about nuclear power, that the arrival of a Russian company, Rosatom, on the market of Argentina would involve several billions of dollars of investments in the creation of the appropriate power blocks, as well as infrastructure development,” – said Medvedev.

He noted that such projects usually create a multiplier effect, developing not only the energy, but also creating new jobs, creating new projects and helping develop the business environment.

After signing the agreements on cooperation, they held a common press conference. La Nacion quotes:

This is the first president of Russia in the 200 years of the State, and he is received by the first elected female president of Argentina, and it rains, ” said Cristina Kirchner.

Medvedev replied: “Coincidentally, this visit is accompanied by certain good signs, including the rain.”

President Medvedev arrived in Buenos Aires with an extensive agenda centered on enhancing the bilateral interchange in nuclear material and on the developing the military cooperation to peaceful ends. He was accompanied by a numerous delegation of entrepreneurs and officials, writes La Nacion.