Home Brazil Leaders of Russia, Brazil agree to expand trade ties

Leaders of Russia, Brazil agree to expand trade ties

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The Brazilian President Temer, who attended yesterday a business forum in this capital, also stressed that Russia and Brazil attempt to reduce interest rates of their respective central banks to boost the economy.

President Vladimir Putin admitted that during 2016, trade between both nations had descended, but this year that indicator grew by over 30 percent. Putin described Brazil today as an important trading partner of Russia. The leaders of Russia and Brazil have agreed to enhance coordination of their foreign policy moves.

Russian President Vladimir Putin and his Brazilian counterpart Michel Temer signed a statement on “strengthening a strategic dialogue on foreign policy issues” following talks at the Kremlin on Wednesday.

The document contains a pledge to take efforts to contribute to “more fair, democratic and multi-polar international relations based on a central role of the United Nations, the primacy of international law and collective action.”

Russia is interested in building a spent nuclear fuel storage facility at Brazil’s Angra nuclear power plant, Russian President Vladimir Putin said after talks with Brazilian President Michel Temer.

“There are prospective projects in the nuclear power industry. In the beginning of this year, the Russian company Rosatom won a tender for the supply of uranium for Brazilian nuclear power plants… The company… would like to receive a contract for the construction of a spent nuclear fuel storage facility at the site of the Angra NPP in the state of Rio de Janeiro,” Putin told reporters.

Putin said after the talks that Russian energy and transport companies hope to increase their operations in Brazil.

Brazil has several ground stations of Russia’s GLONASS satellite navigation system, a rival to the U.S. GPS system, and Temer said that his country could host more of them.