Guyana is taking steps to improve its bilateral relations with some of the world’s largest nations and hopes to attract private sector investment from those countries .

The Government of Guyana recently accepted an invitation from the Government of the Russian Federation to hold bilateral talks during which Russia supported Guyana’s push for maintaining peace and stability in the region.

Those talks were conducted between Guyana’s Foreign Minister, Carl Greenidge and Russia’s Foreign Minister Sergey Lavrov resulted in the signing of basic framework agreement through which Guyana and Russia will undertake cooperation.

Minister Greenidge met with the local media corps on Friday and offered insight on the meeting and the signing of the agreement which is expected to last for the next five years.

The Minister said the two delegations were able to agree on a number of issues including peace and security in the region.

“As a small country, I think we need to be on good terms with as many members of the international community,” The Minister said.

Greenidge explained that Guyana has accepted Russia’s commitment in this regard despite its economic and political relationship with Venezuela.

Venezuela has been laying claims to Guyana’s Essequibo Region and its oil rich maritime space for several decades.

Venezuela is considered one of Russia’s most important trading and military allies in Latin America, making a strong bond in the bilateral relations between the two nations.

But Greenidge believes this will have little or no bearing on the formal framework between Guyana and Russia.

“We have had good relations with Russia,” the Minister added.

Additionally, Guyana and Russia also discussed ongoing projects and sought to explore avenues to widen and deepen the level of collaboration. Minister Greenidge said the Guyanese delegation was able to speak to a number of private firms that have shown interest in investing in Guyana.

The exchange also included discussions on the future of the aluminum company, RUSAL, in Guyana.

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