News / Europe

Russia Grants $1 Billion Loan to Bangladesh for Weapons

Russia's President Vladimir Putin (R) and Bangladesh's Prime Minister Sheikh Hasina attend a signing ceremony in Moscow's Kremlin, January 15, 2013.
Russia's President Vladimir Putin (R) and Bangladesh's Prime Minister Sheikh Hasina attend a signing ceremony in Moscow's Kremlin, January 15, 2013.
TEXT SIZE - +
VOA News
Russia has granted a $1 billion loan to Bangladesh for the purchase of Russian-made weapons.

The deal was signed Tuesday in Moscow during a meeting between Russian President Vladimir Putin and visiting Bangladesh Prime Minister Sheikh Hasina.

Details on the possible weapons purchases were not released, but reports say the new agreement could include orders for air defense systems, helicopters and weapons for ground forces.

In addition, Russia will provide a separate $500 million loan to Bangladesh for the construction of the country's first nuclear power plant in Ruppur, located 200 kilometers from the capital, Dhaka.

Russia has also agreed to provide financial support after the first stage of construction is complete.

You May Like

North Korea Launches Short-Range Missiles into Sea

South's Defense Ministry says it detected two launches Saturday morning, followed by another in afternoon More

Scientists Race to Contain Malaria: New Discoveries, More Resistance

World Health Organization is warning about dire consequences if drug-resistant form of malaria spreads beyond southeast Asia More

Photogallery US: Russian Missile Shipments to Syria 'Very Unfortunate'

Chairman of Joint Chiefs of Staff, General Martin Dempsey, says missiles will embolden Assad and prolong suffering in Syria More