https://en.sputniknews.africa/20241112/russia-to-allocate-500-mln-rubles-in-2025-for-investment-projects-in-africa-through-budget-1069188348.html
Russia to Allocate 500 Mln Rubles in 2025 for Investment Projects in Africa Through Budget Amendment
Russia to Allocate 500 Mln Rubles in 2025 for Investment Projects in Africa Through Budget Amendment
Sputnik Africa
Earlier, Monique Nzanzabaganwa, Deputy Chairperson of the African Union Commission, expressed hope that Russia would contribute to African development in the... 12.11.2024, Sputnik Africa
2024-11-12T10:28+0100
2024-11-12T10:28+0100
2024-11-12T14:45+0100
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Russia plans to allocate 500 million rubles to finance investment projects in Africa in 2025, as part of its three-year budget proposal.The proposed budget includes funding for investment projects in African countries, specifically through subsidies to organizations selected by the Russian government.This initiative is a testament to Russia's rich mineral resources, as highlighted by Alexander Kozlov, head of the Ministry of Natural Resources. He emphasized Russia's vast reserves of gas, diamonds, nickel, cobalt, gold, silver, platinum, and iron, among other key minerals, making it a world leader in the field.Kozlov also cited Rosgeo, a Russian geological company, as an example of their commitment, with projects already underway in Benin, Sudan, Djibouti, Angola, and the Central African Republic, and more planned for Zimbabwe, Algeria, Chad, Mozambique, Sierra Leone, and Mali.Furthermore, Russia is pushing for the formation of resource alliances with African countries, aiming to regulate global markets, according to Kozlov. This initiative is supported by Russia's control of significant global reserves, including 55% of diamonds, 46% of palladium, 23% of gold, and substantial shares of platinum, cobalt, phosphorus, and zircon, in partnership with various African nations.
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russia, africa, ruble, benin, international, investment, finance, economy, development, geology, russia-africa cooperation, cooperation, diamonds, gold, gold miners
Russia to Allocate 500 Mln Rubles in 2025 for Investment Projects in Africa Through Budget Amendment
10:28 12.11.2024 (Updated: 14:45 12.11.2024) Ekaterina Shilova
Writer / Editor
Earlier, Monique Nzanzabaganwa, Deputy Chairperson of the African Union Commission, expressed hope that Russia would contribute to African development in the areas of investment, trade, and knowledge exchange at the first Ministerial Conference of the Russia-Africa Partnership Forum.
Russia plans to allocate 500 million rubles to finance investment projects in Africa in 2025, as part of its three-year budget proposal.
The proposed budget includes funding for investment projects in African countries, specifically through subsidies to organizations selected by the Russian government.
This initiative is a testament to Russia's
rich mineral resources, as highlighted by Alexander Kozlov, head of the Ministry of Natural Resources. He emphasized Russia's vast reserves of gas, diamonds, nickel, cobalt, gold, silver, platinum, and iron, among other key minerals, making it a world leader in the field.
Kozlov also cited Rosgeo, a Russian geological company, as an example of their commitment, with projects already underway in Benin, Sudan, Djibouti, Angola, and the
Central African Republic, and more planned for Zimbabwe, Algeria, Chad, Mozambique, Sierra Leone, and Mali.
Furthermore, Russia is pushing for the formation of resource alliances with African countries, aiming to regulate global markets, according to Kozlov. This initiative is supported by Russia's control of significant global reserves, including 55% of
diamonds, 46% of palladium, 23% of gold, and substantial shares of platinum, cobalt, phosphorus, and zircon, in partnership with various African nations.
