Tuesday, 21 April 2015

 

Russia's Rostec Looks to Africa to Boost Arms Exports PDF Print Email
Tuesday, 21 April 2015 17:15 News

Russia's Rostec Looks to Africa to Boost Arms Exports

RosTechMOSCOW, April 21, 2015 (Reuters) -- Russia is pursuing costly state oil and platinum projects in Africa despite an economic crisis at home, hoping they will bolster sales, including of arms, for businesses hit by Western sanctions over the conflict in Ukraine.

Moscow has mostly focused on building ties with Asia since the U.S. and EU sanctions came into force last year, but the Africa deals signal a desire to rebuild what was a big market for its weapons and technology during the Soviet era.


 

Russia: Bolstering Business with Africa PDF Print Email
Tuesday, 21 April 2015 08:55 News

Russia: Bolstering Business with Africa

MOSCOW, April 21, 2015 (GNA) -- Squeezed between United States and European Union (EU) sanctions, Russian authorities have sought to implement existing bilateral agreements, to strengthen economic relations and military ties, as well as study the possibilities of entering new markets with export products in some African countries, according to the results that emerged from the annual executive meeting held by the Coordinating Committee for Economic Cooperation with African Countries (AfroCom).


 

 

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