21 June 2005 (RFE/RL) -- Mexican President Vicente Fox is expected to meet in Moscow today with Russian President Vladimir Putin for talks on boosting commercial ties between Mexico and Russia.
Fox was quoted by the RIA-Novosti news agency as saying the potential for economic cooperation between the two countries is far from being fulfilled and that cooperation should be expanded with concrete plans for investment, joint projects and trade.
Russian Foreign Ministry spokesman Aleksandr Yakovenko said in a statement that the current level of Russian-Mexican trade turnover, which he valued at $250 million, does not match the potential of the countries.
Reports say the Russian and Mexican sides are expected to explore increased cooperation in a number of fields, in particular the fuel-and-energy sector.
The Mexican president is traveling with a delegation of Mexican businesspeople seeking to develop deals. On 20 June, Fox completed a visit to Ukraine.