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Russia seeks to expand ties with Latin America
RBC, 17.11.2008, Moscow 18:17:18.Russia expects its trade with Latin American countries to reach $15bn by the end of 2008, the Foreign Ministry's information and press department said, quoting head of the ministry Sergei Lavrov today. He noted that the figure was rising rapidly, growing 25 to 30 percent per year. The minister also added that Russia intended to develop trade and economic ties with Latin America, including investment relations. Among the key areas of cooperation, Lavrov cited Russia's high-tech exports, the energy sector, oil and gas production and transportation, mechanical engineering, metals and transportation industries, the peaceful use of nuclear energy, and space exploration. At the same time, he stressed that the expansion of ties between Russia and Latin America was not an instrument of diplomatic rivalry with the United States.
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