|Putin Signs Big Business Deals in Argentina|
|by Tom McGregor||Fri, Nov 14, 2014, 10:26 PM|
Russian President Vladimir Putin has signed big time business deals in Argentina.
According to International Finance Magazine, "Russian businessmen met their Argentinian counterparts in Buenos Aires on November 11 to discuss investment projects in the energy, nuclear and mining industries, as Moscow seeks to lessen its reliance on the European Union due to the crisis in Ukraine. Since the conflict begun between Russia and Ukraine over Crimea’s control earlier this year, the Kremlin has turned to new allies to fill the gap its traditional trade partners have left."
Argentina has pledged to offer more political and diplomatic support for Russia as well.
As reported by International Finance, "The EU, the United States, Australia, Canada and Norway slapped sanctions on Russia’s oil, defence and financial sectors as a tit-for-tat against its annexation of Crimea in March 2014 and its support for rebels waging an insurrection in east Ukraine. Hitting back, Moscow banned food imports, namely meat, fish, fruits, vegetables and dairy, from these countries for one year."
Argentina is most likely to benefit by exporting its food to Russia.
To read the entire article from International Finance magazine, link here: