Putin visits international jazz festival in Crimea’s KoktebelSociety & Culture August 21, 2:31
Militants launch shell on exhibition complex near Damascus - televisionWorld August 20, 15:27
Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
One of seven injured in Surgut stabbing spree in critical condition — authoritiesSociety & Culture August 19, 23:51
Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
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.