Russia looks to joint energy projects with Peru

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Russia's president told his Peruvian counterpart on Monday that Russia wants to develop joint bilateral energy and military cooperation.
LIMA, November 24 (RIA Novosti) - Russia's president told his Peruvian counterpart on Monday that Russia wants to develop joint bilateral energy and military cooperation.

"We are interested in developing cooperation in energy, the mining industry, nuclear power, space, and oil and gas transit, and we are ready to develop contracts in military and technical cooperation," Dmitry Medvedev told Alan Garcia.

The Russian president noted that the two countries are preparing to sign several bilateral agreements. However, he said negotiations have been held back over several issues, including double taxation for Russian energy giant Gazprom.

He also said that the weekend summit of the Asia-Pacific Economic Cooperation (APEC) forum in Lima, and ongoing Russian-Peruvian bilateral contacts, would help the sides cooperate in measures to see them through the credit crisis.

"The global financial crisis, which is not linked with our own activities, but the outcome of which we have to tackle together, is a challenge for which we have to provide a strong and effective response," Medvedev said.

He expressed his hope that trade between Russia and Peru could reach "billions of dollars" in the future. He also invited Garcia to pay an official visit to Russia.

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