President of Republic of the Congo Denis Sassou-Nguesso, who is in Russia on an official visit, had talks with his Russian counterpart at the Kremlin.
A package of documents was signed following the talks, including intergovernmental agreements on cooperation in the peaceful use of nuclear energy and in mass communications, presidential web page reports. The documents also concern the settlement of the Republic of the Congo’s debt to the Russian Federation under previously issued loans, cooperation in agriculture, etc.
As Vladimir Putin noted, “Our trade is growing – by over 60% – although, unfortunately, the numbers in absolute terms are still modest. But we have good potential in several industries, such as energy, the processing industry and agriculture.”
According to Denis Sassou-Nguesso, “In economic terms there was a certain crisis due to a decrease in oil prices. This crisis affected us, but we are gradually recovering. Now we are negotiating with the IMF on obtaining loans, we are negotiating with the IMF Executive Board and hope to get support in this matter from our Russian friends.”