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Thursday, April 17, 2008

Russian Deals With Libya Could Top $10Bln

President Vladimir Putin plans to oversee the signing of deals worth more than $10 billion on a trip to Libya aimed at grabbing a slice of a market opening up to the world after years of sanctions, his spokesman said.

Putin shook hands with with Libyan leader Moammar Gadhafi in front of his former central Tripoli home, which has been kept in ruins since it was bombed by U.S. aircraft in 1986.

The raid marked one of the lowest points in the decades the North African OPEC member spent being seen as an outlaw state that supported terrorism.

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