Russia Deepens Energy Cooperation With Argentina

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Russia and Argentina signed documents deepening energy cooperation on Thursday, underlining Moscow’s drive to develop ties with South America since coming under Western sanctions over the Ukraine crisis.

At a ceremony in the Kremlin, Russian President Vladimir Putin and Argentine President Cristina Fernandez hailed the agreements as opening a new stage in relations as well as boosting cooperation on gas and nuclear energy in Argentina.

Russian state-owned gas producer Gazprom signed a memorandum on cooperation with Argentinian state oil company YPF, while Russia’s Rosatom signed a similar deal for construction of a nuclear power plant in Argentina.

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