Ecuador signs million-dollar helicopter agreement with Russia
The first official visit of Ecuadorian President Raphael Correa on Thursday to Moscow ended with the signing of a contract on selling Russian transport helicopters worth $22 million to Ecuador.
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The chief points covered in the meeting concerned politics, security, cooperation in the protection of the environment, economy, financial and trade partnership, and the humanitarian sphere.
The sides also approved a protocol on hydropower projects between Russian and Ecuadorian companies.
Russian President Dmitry Medvedev said that the two countries are now on the way to preparing a document on visa-free travel. He also declared Ecuador to be an important trade partner for Russia, adding that last year the scale of trading between two countries reached $1 billion.
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