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Russia Considering National Currencies, Barter In Deals With Argentina - Diplomat

Russia is considering using national currencies and barter in deals with Argentina in the defense industry and other sectors, Russian Ambassador to Argentina Dmitry Feoktistov told Sputnik.

BUENOS AIRES (UrduPoint News / Sputnik – 04th December, 2018) Russia is considering using national currencies and barter in deals with Argentina in the defense industry and other sectors, Russian Ambassador to Argentina Dmitry Feoktistov told Sputnik.

“We are considering alternative payment options in defense industry cooperation and in other fields. We are proposing barter deals and [payment] in national currencies to the Argentinians,” the ambassador said.

Feoktistov cited Argentina’s financial troubles as the reason for such a proposal.

The diplomat pointed out that Argentina was very interested in the Antarctic as it had about 10 stations there and Buenos Aires could use helicopters in its operations.

“The Argentinians were planning to buy three more [helicopters] from us and were interested in that. But, once again, there is no money to pay right away,” the ambassador said.

Feoktistov added that Russia would like to boost cooperation on helicopters.

Argentina bought two Mi-171E helicopters in “Arctic configuration” in 2011 and has been happy with these aircraft, the ambassador said.