BP Russia president vows company will keep investing in Russian oil and gas projectsBusiness & Economy March 30, 14:08
Russia’s most powerful icebreaker to cost over $1 blnMilitary & Defense March 30, 14:08
Putin urges to preserve Arctic as territory of dialogueWorld March 30, 14:06
Bulgarian official slams 2017 Eurovision Song Contest as politicizedWorld March 30, 13:35
Moscow considers Brexit UK’s internal affairRussian Politics & Diplomacy March 30, 13:28
Russia's Nobel laureate in physics Abrikosov passes awayScience & Space March 30, 13:18
Press review: Moscow wins $3 bln debt battle vs. Kiev and S.Ossetia seeks to join RussiaPress Review March 30, 13:00
First Russia-NATO Council meeting in 2017 begins in Brussels — sourceWorld March 30, 12:54
Hamburg ballet director gives heart and soul to stage Anna Karenina performanceSociety & Culture March 30, 12:44
MOSCOW, July 11 (Itar-Tass) - Span of Russian companies’ operations in Africa does not match either this country’s export capabilities or the size of the continent’s resources, Deputy Foreign Minister Mikhail Bogdanov said Thursday as he took the floor at a session of the Urals-Africa economic forum underway in Yekaterinburg.
The Foreign Ministry published the text of Bogdanov’s speech at its official website.
“One must admit today that the practical span of Russian companies’ business operations in Africa falls far below our export capabilities, on the one hand, and the huge natural resources of the huge continent, on the other,” Bogdanov said.
“Poor knowledge of the African markets’ structure and the characteristics of African customers by the Russian business community remains an undeniable fact,” he said.
“The Africans in their turn are insufficiently informed on the capabilities of potential Russian partners,” Bogdanov said.
He stated the presence of the political willingness to get for a quality new buildup of economic ties, including - and particularly the ones effectuated by public companies - is already there.
“Still we need a more efficient system of exchanging information,” Bogdanov said. “I think our efforts should be targeted first and foremost at a search for new partnerships, at boosting the performance factor of other mechanisms of cooperation, and at implementing the biggest and most promising projects.”