Russia and Libya sign $1.8 billion arms deal in an effort to strengthen strategic ties. Russian Prime Minister Vladimir Putin says Moscow has agreed to sell Libya weapons in a $1.8 billion deal. Mr. Putin made the announcement Saturday while meeting with the head of Izhmash, a major Russian gun manufacturer. Russia’s Interfax news agency had quoted a “military diplomatic source” as saying Libya was ready to buy about 20 fighter planes from Moscow, as well as air defense systems and several dozen tanks. Read Full Article
Russia and Turkey sign nuclear deal worth $20 billion. The two countries have come together to build Turkey’s first nuclear power plant set to be located in Ankara. Several agreements, including removing visa restrictions and shipping oil products from the Black Sea, were struck during the landmark visit by Dmitry Medvedev, the Russian president, to Turkey.
Moscow has built nuclear power plants in nations from China to Iran and might build a power plant in Syria, as it aggressively seeks deal to build new stations and boost its presence in foreign energy markets. Moscow provides 60 per cent of Turkey’s gas needs, which has raised concerns that Ankara is becoming too dependent on Russia, a major trading partner. Read Full Article