15 January 2013, 16:49

Bangladesh to buy $1bln worth of Russian arms on loan

Bangladesh to buy $1bln worth of Russian arms on loan

Bangladesh will receive a $1-billion loan from Russia to buy Russia-produced weapons and military equipment.

This came Tuesday in an announcement by President Vladimir Putin.

The Russian leader today met with Bangladeshi Prime Minister Sheikh Hasina. The two countries were expected to sign a package of agreements, including loans to Bangladesh.

Agreements between Russia and Bangladesh promote bilateral relations

The signing of agreements between Russia and Bangladesh is a solid step forward in promoting bilateral relations, President Vladimir Putin said at the talks with Bangladeshi Prime Minister Sheikh Hasina in Moscow on Tuesday.

According to Putin, the two countries have established warm relations.

The fulfillment of economic contracts is gaining momentum. In 2012, the growth was more than 20 percent, Putin said.

After the talks, Russia and Bangladesh are expected to sign 11 agreements, including an agreement on grating a 500 million-dollar-loan to build a nuclear power station in Bangladesh.

Putin meets with Bangladesh PM to sign a package of deals

Russian President Vladimir Putin has said he pinned a lot of hope on the package of agreements that would be signed today during his meeting with Bangladeshi Prime Minister Sheikh Hasina.

“Ahead of your visit, our colleagues put together a package of accords and contracts that will advance cooperation between the two countries,” Mr. Putin said as he greeted the Bangladeshi premier.

The talks are expected to culminate in the adoption of eleven bilateral agreements, including the one on the settling of Bangladesh’s debt to Russia and a $500-million loan to build a nuclear power station in Bangladesh.

President Putin praised positive dynamics in economic relations between the two nations. He pointed out that mutual trade turnover scaled up by over 60% in 2011 and by further 20% in 2012.

Voice of Russia, RIA, Interfax

  •  
    and share via