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Nicaraguan trade mission visits Moscow to boost relationship that flourished in the Cold War

Wednesday, January 25, 2012

Nicaraguan President Daniel Ortega is seeking as much as $600 million in Russian government investment to help the Central American country modernize and develop its oil and tourism industries.

Led by Nicaragua's trade and tourism ministers, a delegation arrived Monday in Moscow for a week-long visit aimed at securing economic and trade investment, as well funding for research for a national space program, the Nicaraguan Ministry of Development, Industry and Trade said in a statement.

Russia has been a generous provider of financial assistance to Nicaragua, one of the region's poorest economies, since the countries established a commercial relationship in 1982 during the Cold War.

Original source: The Moscow Times