The source said President Vladimir Putin, whose official visit to Lisbon Thursday will be his second since 2004, plans to discuss in detail the current state of bilateral relations and prospects for their further development.
"It is expected that special attention will be paid to opportunities for increasing trade and economic cooperation, as well as in the investment sector," the source said.
Trade between the two countries has significantly increased this year, with the first nine months of 2007 totaling some $2.5 billion against $1.29 billion in 2006.
The source added that on October 26 Putin will attend a regular EU-Russia summit, hosted by the Portuguese city of Mafra, where the president is expected to discuss key international issues.
The summit is to address major problems in EU- Russian relations, including a new partnership and cooperation agreement, domestic issues of concern to Europe, and international questions, mainly Kosovo, Iran and U.S. plans for deployment of its missile shield elements in Europe.
The EU trade chief, Peter Mandelson, said earlier that Russia's admission to the World Trade Organization (WTO) could lay the groundwork for closer economic integration with the European Union and resolve disputes with Europe over Polish meat and Russian timber exports.
Relations between Moscow and Warsaw have been tense since Russia imposed a ban on meat products and fruit and vegetable deliveries from Poland in November 2005 in a row over sanitary standards. In retaliation, Poland blocked talks on a new EU-Russia partnership agreement, and said it could bar Russia's entry to the WTO if Moscow failed to lift the meat embargo.
