MOSCOW, June 29 (RIA Novosti) - A Russian-Argentine agreement scrapping bilateral visa requirements entered into force on Monday.

The agreement will allow Russians and Argentines to visit each others' countries for up to 90 days without having to apply for visas.

However, visas will still be required for citizens wishing to remain in Russia or Argentina for more than 90 days or run a business.

The deal was reached during the visit of Argentine President Cristina Kirchner to Russia in December 2008 and was signed by the governments of the two countries in March.

Last year some 6,000 Russians visited Argentina. About 3,000 Argentines visit Russia annually.

Argentina is the fifth state in Latin America to scrap visa requirements for Russian citizens, following Venezuela, Cuba, Peru, Ecuador and the Dominican Republic.

Similar agreements are also expected to be signed with Brazil and Chile.