The Memorandum was signed after the visit of Vladimir Putin, President of the Russian Federation, to the capital of Argentina, Buenos Aires, and established cooperation between Corporacion America S.A. and JSC Rusatom Overseas, international branch of the State Atomic Energy Corporation ROSATOM, in the implementation of potential nuclear projects in Argentina, including new nuclear power plant construction, radiation technologies and nuclear medicine projects. Also, in accordance with the Memorandum, the Parties intend to collaborate in promotion of floating nuclear power plants in Argentina and other countries.