facebook
twitter
rss
account
search
search
 

Russia will loan Bangladesh $1 billion

Jan. 15, 2013 at 10:56 AM   |   Comments

MOSCOW, Jan. 15 (UPI) -- Russian President Vladimir Putin said Tuesday his country will loan Bangladesh $1 billion to purchase Russian-made arms and military equipment.

Bangladesh is likely to use the money to buy MiG-29SMT fighter jets, upgrade an earlier batch of MiG-29s and purchase BTR-80 armored vehicles and Mi-171 military helicopters, the official Russian news agency RIA Novosti reported.

Announcement of the loan came during talks between Putin and Bangladeshi Prime Minister Sheik Hasina in Moscow.

The two countries also settled on a project to jointly build Bangladesh's first nuclear power plant.

They signed memorandums of understanding in various areas, including anti-terrorism, justice, healthcare and education.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Sen. Mary Landrieu uses mom's home as Louisiana address
2
China questions Americanism in SATs
3
Dairy Queen hit by Backoff malware breach
4
Plague bomb data found on seized Islamic State laptop
5
Chelsea Clinton quits at NBC after 3 years
Trending News
Video
x
Feedback