Bangladesh gets Russia loans for weapons, nuclear plant

MOSCOW Tue Jan 15, 2013 10:42pm IST

Russian President Vladimir Putin (R) shakes hands with Bangladesh Prime Minister Sheikh Hasina during their meeting in Moscow's Kremlin January 15, 2013. REUTERS/Mikhail Metzel/Pool

Russian President Vladimir Putin (R) shakes hands with Bangladesh Prime Minister Sheikh Hasina during their meeting in Moscow's Kremlin January 15, 2013.

Credit: Reuters/Mikhail Metzel/Pool

Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

Election 2014

More than 814 million people — a number larger than the population of Europe — are eligible to vote in the world’s biggest democratic exercise.  Full Coverage 

MOSCOW (Reuters) - Russia on Tuesday granted Bangladesh a $1 billion loan for weapons purchases and $500 million to help one of Asia's poorest countries build its first nuclear power plant, Russian President Vladimir Putin said.

Putin moved to strengthen Russia's presence in the South Asian nation, overseeing the signing of the deals signed in the Kremlin after holding talks with Bangladesh's Prime Minister Sheikh Hasina.

Russia is the world's second-largest weapons exporter and is building or seeking to build or upgrade nuclear power plants in several countries in Asia, the Middle East and Europe.

"Our countries intend to broaden military-technical cooperation," Putin said in a joint appearance with Sheikh Hasina after talks, referring to weapons sales and servicing.

He did not specify what weapons or military equipment Bangladesh would buy from Russia with the loan money.

Russian financial daily Vedomosti, citing an unnamed source, reported on Tuesday that Bangladesh planned to buy weapons and armoured vehicles for ground forces as well as surface-to-air missile systems and Mi-17 transport helicopters.

Bangladesh is one of several nations pushing ahead with plans to introduce nuclear power despite concerns raised by the accident at Japan's Fukushima plant in March 2011.

Bangladesh's demand for fuel is growing sharply as a shortfall of natural gas has forced it to turn to costly oil-fired power plants to resolve crippling electricity shortages.

Russia signed a framework deal on cooperation in peaceful nuclear power generation in 2010 and an agreement to help build Bangladesh's first nuclear power plant at Ruppur.

"We will not only provide the most up-to-date technology ... but we will also provide financial support for the construction of the nuclear power plant at the initial stage," Putin said after the $500 million loan deal was signed.

The head of Russian state nuclear corporation Rosatom, Sergei Kiriyenko, said technical and environmental assessments would be carried out this year for the plant, which is to have two 1,000-megawatt reactors and be completed in the early 2020s.

He told reporters more loans would be required at later stages.

(Additional reporting by Gabriela Baczynska; writing by Steve Gutterman; editing by Jason Neely)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Boat Tragedy

Boat Tragedy

Boy and girl on Korean ferry tied life jackets together before they drowned.  Full Article 

Big Buyback

Big Buyback

Apple expands buybacks by $30 billion.  Full Article 

Put A Ring On It

Put A Ring On It

Actress Jodie Foster marries girlfriend Alexandra Hedison.  Full Article 

Solar Dispute

Solar Dispute

Green groups urge U.S. to drop solar trade case against India.  Full Article 

Champions League

Champions League

Benzema strike gives Real Madrid edge over holders Bayern Munich.  Full Article 

Most Beautiful

Most Beautiful

Lupita Nyong'o is named the world's most beautiful person by People magazine.  Slideshow 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage