https://en.sputniknews.africa/20231225/russia-to-launch-scheme-to-support-engineering-exports-to-africa-in-2025-trade-minister-says-1064298333.html
Russia to Launch Scheme to Support Engineering Exports to Africa in 2025, Trade Minister Says
Russia to Launch Scheme to Support Engineering Exports to Africa in 2025, Trade Minister Says
Sputnik Africa
MOSCOW (Sputnik) - In July, Russian Economic Development Minister Maxim Reshetnikov said that Russia could see at least a twofold increase in trade with... 25.12.2023, Sputnik Africa
2023-12-25T14:52+0100
2023-12-25T14:52+0100
2023-12-25T14:52+0100
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The Russian Trade and Industry Ministry is expecting to launch a state support mechanism for the supply of Russian mechanical engineering products to African countries in 2025, Russian Trade and Industry Minister Denis Manturov told Sputnik. He added that the scheme would provide Russian exporters with compensation when delivering products to a leasing company at a price below the market rate for making the goods cheaper for final consumers and boosting competitiveness.
https://en.sputniknews.africa/20231128/russia-and-africa-closely-cooperate-on-creating-free-trade-zones-south-african-ex-president-says-1063830274.html
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Russia to Launch Scheme to Support Engineering Exports to Africa in 2025, Trade Minister Says
MOSCOW (Sputnik) - In July, Russian Economic Development Minister Maxim Reshetnikov said that Russia could see at least a twofold increase in trade with African nations by 2030 from the $18 billion as of that month.
The Russian Trade and Industry Ministry is expecting to launch a state support mechanism for the supply of Russian mechanical engineering products to African countries in 2025, Russian Trade and Industry Minister Denis Manturov told Sputnik.
"New markets, especially in Africa and Latin America, require an individual approach, so today we are actively working toward expansion of support for exporters. For example, the establishment of the supply support mechanism of Russian engineering products to African countries is already being worked out with Russian leasing companies, and we expect its launch starting 2025," Manturov said.
He added that the scheme would provide Russian exporters with compensation when delivering products to a leasing company at a price below the market rate for making the goods cheaper for final consumers and
boosting competitiveness.
