Russia, Bangladesh seal $1 bln arms deal



AGENCE FRANCE PRESSE

Published — Tuesday 15 January 2013

Last update 16 January 2013 12:31 am

| نسخة PDF Print News | A A

MOSCOW: Russian President Vladimir Putin met the prime minister of Bangladesh for talks that included the signature of a $1 billion arms contract, the Asian nation's biggest since its 1971 independence.
Bangladesh has recently been expanding its defense capabilities, building a new air base close to neighboring Myanmar and adding frigates to its navy.
"Our countries intend to expand their military and technological cooperation," news agencies quoted Putin as telling Bangladeshi Prime Minister Sheikh Hasina during a Kremlin ceremony.
"Russia will extend Bangladesh a credit of $1 billion, which will be spent on the purchase on Russian weapons and military technology," the Russian leader said.
The arms purchase agreement included orders for armored vehicles and infantry weapons, air defence systems and Mi-17 transport helicopters, a source close to Russia's state arms export agency told the Vedomosti business daily.
The source said the purchase did not include any tank orders because Bangladesh had earlier obtained those from China.
Bangladesh also opted out of its initial plans to purchase eight advanced Mig-29 fighter jets because of their $500 million price tag.
A separate part of the agreements saw Russia assign $500 million to finance the construction of Bangladesh's first nuclear power plant, to be built at a site called Rooppur.
The two planned Rooppur reactors are expected to cost $4 billion, with Russia also agreeing to continue financing construction after the first phase of the project is complete, news reports said.
Bangladesh's military spending spree follows the recent discovery of offshore natural gas deposits, which Russian officials believe means it will have no problems repaying the credit.
A.N.M Muniruzzaman, an analyst at the Dhaka-based Institute of Peace and Security Studies, told AFP it was the biggest defense deal ever to be signed by Bangladesh which gained independence in 1971.

What's happening around Saudi Arabia

SYDNEY: Amnesty International has demanded that Mustafa Al-Hosawi, a Saudi prisoner at Guantanamo Bay in Cuba, be treated for the torture he underwent at the hands of the CIA.The US branch of the organization sent a message to health officials at the...
JEDDAH: The city’s airport staff saved a 20-year-old woman who tried to throw herself from the upper floor to the mezzanine floor in the southern hall. Sources said the suicide attempt was due to family disputes. Administrators said a supervisor in t...
RIYADH: Education Minister Ahmad Al-Issa has ordered to gradually close down private night schools beginning from the current year. The closure of these schools will be complete by 1439H.Al-Issa’s decision is based on reports of a body, which highlig...
RIYADH: Riyadh and Phnom Penh have signed a labor deal to recruit domestics and general workers from Cambodia.Labor Minister Mufrej Al-Haqabani and his Cambodian counterpart Ait Samana signed the agreement.Al-Haqabani said the Kingdom is keen on open...
Jeddah: The Criminal Court in Jeddah has sentenced a man to nine months in jail for beating his wife and insulting her by calling her “stubborn and ignorant.” The man has also been required to make a written pledge not to go near his wife, while the...
MUNICH: Saudi Arabia’s foreign minister defended his country’s treatment of women on Friday, saying it had made progress on female education but would take time to let them drive cars.“When it comes to issues like women’s driving, this is not a relig...
RIYADH: A cross-section of Saudi society on Friday denounced the Jazan massacre that shook the nation on Thursday, when a gunman went on the rampage killing seven education officials and injuring several others in Al-Dair governorate.The culprit, ide...
JEDDAH: Maj. Gen. Awad Al-Balawi, head of the Saudi Border Guard, recently confirmed the expansion of the employment program for women within the border security sector. He said that the sector is entering a new phase as women will be employed in a n...
RIYADH: A medical team of the King Abdullah Specialist Children’s Hospital (KASCH) at the King Abdulaziz Medical City (National Guard) here have successfully conducted the first liver transplant on a baby boy. Fahad Mari Said Al-Sairdh, father of the...
JEDDAH: The Makkah Investigation and Prosecution Board reintroduced the crane crash incident to the Riyadh Investigation and Prosecution Board recently, adding 10 more employees and supervisors from different government agencies before the courts. Th...
JEDDAH: The teacher who gunned down seven education officials in Al-Dair governorate on Thursday had been showing behavioral problems in recent days, Al-Janob Misfer Al-Subhan, director of King Faisal Secondary School in Dharan, was quoted as saying...
JEDDAH: The Human Rights Commission (HRC) is investigating the Nakheel Mall case, in which a girl was beaten up by a group of Haia members, an official of the commission has said. “The HRC is supposed to guarantee the rights of those harmed, whoever...
AL-AHSA: King Faisal University (KFU) in Al-Ahsa is currently studying the possibility of admitting female students to specialize in veterinary medicine, the director of the university, Dr. Abdulaziz Al-Saati, confirmed. He said the matter has been p...
JEDDAH: A fingerprinting campaign, titled “Imprint Homeland,” against extremism and terrorism, was launched at the Jeddah corniche on Thursday night. The drive will cover all the 17 regions of Makkah province.The campaign, initiated by the Makkah gov...
RIYADH: The number of unemployed Saudi nationals reached 647,000 by the end of last year, of whom 56 percent, or 363,800, hold bachelor’s degrees or licenses. Female bachelor’s degree and license holders accounted for three-fourths of unemployed Saud...

Stay Connected

Facebook