Head of the Russian Federal Agency for Nuclear Power Alexander Rumyantsev and Chilean Minister of Mining Alfonso Dulanto signed the agreement during a session of a Russo-Chilean intergovernmental commission for trade and economic cooperation.
"Chile has few natural resources and is considering building a nuclear power plant," Rumyantsev said after the signing. Chile is interested in cooperation with Russia on this project, he added.
The intergovernmental commission, which is co-chaired by Russian Regional Development Minister Vladimir Yakovlev, also signed a bilateral cooperation program and a statement setting up a joint working group on military-technical cooperation.
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Any response would likely boomerang on Russia – the partnership between Rosneft and ExxonMobil is a case in point. The United States has hit Russia with a third round of sanctions. This time the Americans went with a higher caliber weapon, targeting Russia’s biggest energy companies (Rosneft and Novatek) and banks (VEB and Gazprombank).