Russia's foreign cooperation agency Rossotrudnichestvo (Russian House) is negotiating the establishment of a representative office in Algeria, the agency's deputy head Pavel Shevtsov told Sputnik on Tuesday, adding that the North African country has expressed its readiness to host the center.
"We are currently conducting active talks on the matter with Algeria. It is the country where we are interested in opening the Rossotrudnichestvo center," Shevtsov said.
Algeria has a positive attitude to the move and expressed full readiness to establish the office, he added.
In mid-June, Algerian President Abdelmadjid Tebboune and Russian President Vladimir Putin held talks in Moscow. The two leaders signed a joint declaration outlining a number of areas of bilateral cooperation between the two countries. The package of documents included the Declaration on Enhanced Strategic Cooperation between Russia and Algeria, which Putin said would "open a new, more advanced stage" in the countries' bilateral ties.
In the declaration, the two presidents pledged to develop direct contacts between their national financial and banking institutions, promote cooperation aimed at increasing reliance on national currencies in trade and create banking channels for secure and independent cross-border transactions.