Statement for the media following Vladimir Putin's talks with President of Algeria Abdelmadjid Tebboune. Highlights:
The talks were very productive, which is evident from the impressive package of documents signed, aimed at further strengthening relations between our countries in various areas.
The Declaration on Advanced Strategic Partnership between Russia and Algeria is a new important bilateral document that sets clear guidelines for long-term cooperation.
For many years, Algeria has consistently acted as one of Russia's leading trading partners on the African continent. In the first quarter of 2023 alone, bilateral trade grew by more than 73 percent.
Joint work is underway to expand the practice of carrying out transactions in national currencies, which will help shield bilateral trade from the influence of third countries and the negative developments in the global currency markets.
Russia and Algeria are successfully expanding energy cooperation. Large Russian energy companies have been operating in the Algerian market for a long time, including Gazprom, Transneft, Stroytransgaz, Power Machines and others.
We place great emphasis on working with our Algerian colleagues to stabilise global energy markets, including in the OPEC Plus format and the Gas Exporting Countries Forum.
Algeria is interested in the development of national nuclear energy. Rosatom State Corporation is ready to participate in joint projects, including those related to the non-energy application of nuclear technologies
As is traditional, Russia is heavily involved in training highly qualified Algerian personnel, and we have decided to increase the quota of state-funded places for Algerian citizens by one-third.
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