Title for Episode VIII of world’s famous saga ‘Star Wars’ revealedSociety & Culture January 23, 21:19
Russia’s chief negotiator: Astana format gives hope for new level in negotiating processRussian Politics & Diplomacy January 23, 20:52
Astana talks focusing on mechanism of Syria ceasefire observance — oppositionWorld January 23, 20:23
Russia and Turkey hit Islamic State targets near al-Bab in Aleppo provinceWorld January 23, 20:06
Russia’s 4th Yasen-class submarine completes hydraulic testsMilitary & Defense January 23, 18:56
Arctic airport in search for investorsBusiness & Economy January 23, 18:50
Rosneft begins Arctic shelf’s seismological exploration from 2017Business & Economy January 23, 18:38
Tesla takes the lead in sales of electric cars in Russia in 2016Business & Economy January 23, 18:18
Politician says European-style reforms to degrade Ukraine’s economyWorld January 23, 18:16
ST PETERSBURG, June 20 (Itar-Tass) - Russia hopes to expand the presence in the African region, presidential special envoy for cooperation with African countries Mikhail Margelov said.
Speaking at a panel discussion on the sidelines of the St Petersburg International Economic Forum (SPIEF) on Thursday, Margelov said Russia returned to Africa and intends to increase investments into the continent’s economy, including owing to high tech projects in the energy sector.
The Federation Council Foreign Affairs Committee chairman recognised: “In the 1990’s Russia made a strategic mistake when it deals with its own matters by forgetting Africa.”
“This was an economic and political mistake,” Margelov added.
He stressed that Russia returned to Africa: the process had begun in 2006 when President Vladimir Putin made the first visit to South Africa. “Then the country started providing support to Africa,” the presidential special envoy said, adding that Russia had always had the positive image in the eyes of Africans.
According to Margelov, trade turnover with African countries reached about three billion U.S. dollars.
He said the volume was not big. But he stressed that trade turnover would be expanded.
The senator said Russia considered the African continent not only the source to invest in the ore mining industry and mineral resources but also the country where high tech projects can be carried out. “We develop high tech projects,” Margelov stressed.
He cited the joint project to produce solar batteries, which would make it possible to use diesel generators and diesel fuel. “We believe that our presence in the region will grow,” he said.
Margelov also noted Africa’s interest in investing in the Russian banking sector.