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Eastern Economic Forum

Angola makes attractive proposal to Alrosa for solving sanctions issue — Russian envoy

The Angolan publication Expansao said earlier that the country’s authorities were forcing Alrosa to withdraw from the joint partnership with the Angolan Endiama, the Catoca mining company

VLADIVOSTOK, September 3. /TASS/. The Angolan authorities have made an attractive proposal to Russia’s diamond mining company Alrosa for solving the issue of anti-Russia sanctions that hinders its work, Ambassador of the Republic of Angola to Russia Augusto da Silva Cunha told TASS on the sidelines of the Eastern Economic Forum (EEF).

"Anti-Russia sanctions have also affected Alrosa. Due to this Russia and Angola have started holding talks for finding the best way out of this problem that would be profitable for both sides. The search for such mechanisms that would not do harm to anyone, is underway. As far as I know Angola has offered one possible option to Alrosa. A meeting is expected where the sides will discuss the proposal," he said.

The Angolan publication Expansao said earlier that the country’s authorities were forcing Alrosa to withdraw from the joint partnership with the Angolan Endiama, the Catoca mining company.

Alrosa has been working in Angola since 1992. It holds 41% in the Catoca mining holding (another 41% is owned by the Angolan state company Endiama, 18% is held by the international holding LL International Holding B. V.).

The Eastern Economic Forum is being held on the campus of the Far Eastern Federal University in Vladivostok on September 3-6, 2024. The main theme of the EEF this year is ‘Far East 2030. Combining strengths to create new potential’. The business activities are broken down into seven thematic blocks: ‘New contours of international cooperation’, ‘Technologies to ensure independence’, ‘Financial value system’, ‘the Russian Far East’, ‘People, education and patriotism’, ‘Transport and logistics: new routes’, and ‘Master plans: from architecture to economy’.

The Roscongress Foundation is organizing the EEF. TASS is the general information partner of the forum.

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