Increased Cooperation between Russia and Nicaragua

The Nicaraguan Minister of Development, Industry and Commerce, Orlando Solorzano, and the Russian Deputy Foreign Minister Sergei Ryabkov, signed an agreement for economic cooperation and scientific and technical information. "The scope of this is the joint use of outer space for the use of satellite mobile communication and global positioning," said the online edition of La Prensa.

The Nicaraguan private sector also traveled to Russia and obtained some contracts. Sergio Rios, president of the mining company Hemco reported that a Russian supplier has agreed to supply 1,000 tons of cyanide a year to be used for gold processing.

The Russian Transport Ministry expressed interest in investing in a rail line between Managua and Granada, in the Pacific, which would cost about $52 million.

Source: laprensa.com.ni

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