Moscow, May 28 (IANS/RIA Novosti) Russia and the US will soon agree on three-year multiple entry visas, US Ambassador to Russia John Beyrle said Friday.

At their meeting Thursday, Russian President Dmitry Medvedev and US President Barack Obama announced plans to liberalise visa restrictions for businessmen and tourists travelling between the two countries. Under the new agreement, eligible business travellers and tourists would be issued visas valid for 36 months at a unified and reciprocal fee.

"I think that in two months maximum we will sign an agreement to issue new multiple entry visas for three years," Beyrle said in Russian during an interview with Ekho Moskvy radio station.

"The presidents instructed to complete negotiations on the issue, that's why I expect the agreement to be ready by summer, maximum by fall."

Russian Prime Minister Vladimir Putin proposed scrapping visa restrictions between the two countries altogether during a meeting with US Vice President Joe Biden in Moscow in March.