Cristina Fernandez de Kirchner and Vladimir Putin
In particular, the Russian energy giant Gazprom is expected to agree a deal to make energy investments in the South American country with Argentine oil company YPF.
Mrs Kirchner’s invitation was extended by President Putin last July, where initial plans for the set of deals were first established.
At a meeting with Russian and Argentine business leaders on Wednesday, Ms Kirchner stated: “We are here to build relationships with businesses, because Argentina is a place for investment.”
The meeting between Ms Kirchner and President Putin coincides with the marking of 130 years of diplomatic relations between the two countries.
Previously, there have been unconfirmed reports that Russia is working on a deal to lease 12 long-range bombers to Argentina.
Although Defence Secretary Michael Fallon noted last month that that particular deal had not been confirmed, he added: “It is a very live threat.”
His comment came as the UK announced a £180 million plan to strengthen its military presence in the Falklands last month, believed to be partly in response to the rumours.
Mrs Kirchner is currently visiting Moscow
When asked if he could confirm that Argentina had never spoken to Russia about leasing planes, he reportedly told The Telegraph: “Absolutely. I confirmed it with the defence minister. He laughed. Even the Russians said ‘We wish!’.”
Similarly, Moscow have never confirmed any such deal – despite their relations with Argentina seemingly becoming more close.
Both countries share an antipathy for British foreign policy, with Argentina in a long-running feud over the sovereignty of the Falkland Islands and Russia in disagreements with the UK over military action in Ukraine.
Mrs Kirchner has already used such disputes to make jabs at Britain.
At one point she criticised the West for alleged “double standards” over Russia’s annexation of Crimea from Ukraine, and drew a parallel with her country’s claim to the Falklands.