https://en.sputniknews.africa/20241225/russia-to-subsidize-50-of-cost-of-cargo-carriers-to-africa-latin-america-says-trade-minister-1069882449.html
Russia to Subsidize 50% of Cost of Cargo Carriers to Africa, Latin America, Says Trade Minister
Russia to Subsidize 50% of Cost of Cargo Carriers to Africa, Latin America, Says Trade Minister
Sputnik Africa
In the wake of unprecedented unilateral Western economic sanctions in recent years, the Russian government has encouraged local industries and companies to... 25.12.2024, Sputnik Africa
2024-12-25T12:47+0100
2024-12-25T12:47+0100
2024-12-25T12:47+0100
sub-saharan africa
international
russia
russia-africa cooperation
export
trade
industry
https://cdn1.img.sputniknews.africa/img/07e8/0c/19/1069882166_14:0:640:352_1920x0_80_0_0_58d902ff36751e43c6c76cd6d3cb43e5.jpg
Russia's Ministry of Industry and Trade is planning to allocate subsidies to Russian trucking companies for a 50% discount on transportation to Latin America and Africa, the head of the ministry, Anton Alikhanov, said in an interview with Sputnik.He added, "The support model provides for a 50% discount for Russian carriers of industrial products to Latin America and Africa for their services to Russian exporters."Alikhanov noted that this mechanism will increase the competitiveness of Russian companies in areas far from Russia. In addition, it will allow increasing Russia's cargo turnover with priority countries due to the reduced cost of sold products and expand the geography of Russian exports.
https://en.sputniknews.africa/20241224/african-countries-will-suffer-from-sanctions-on-russias-diamonds-credit-rating-agency-states-1069871660.html
russia
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2024
Muhammad Nooh Osman
https://cdn1.img.sputniknews.africa/img/07e7/04/0a/1058467512_0:0:1280:1280_100x100_80_0_0_ec723833bcbfcaed2e21952965ad99e4.jpg
Muhammad Nooh Osman
https://cdn1.img.sputniknews.africa/img/07e7/04/0a/1058467512_0:0:1280:1280_100x100_80_0_0_ec723833bcbfcaed2e21952965ad99e4.jpg
News
en_EN
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Muhammad Nooh Osman
https://cdn1.img.sputniknews.africa/img/07e7/04/0a/1058467512_0:0:1280:1280_100x100_80_0_0_ec723833bcbfcaed2e21952965ad99e4.jpg
international, russia, russia-africa cooperation, export, trade, industry
international, russia, russia-africa cooperation, export, trade, industry
Russia to Subsidize 50% of Cost of Cargo Carriers to Africa, Latin America, Says Trade Minister
Muhammad Nooh Osman
Writer/Editor
In the wake of unprecedented unilateral Western economic sanctions in recent years, the Russian government has encouraged local industries and companies to reorient trade toward growing partnerships with countries in the Global South, including Africa and Latin America.
Russia's Ministry of Industry and Trade is planning to allocate subsidies to Russian trucking companies for a 50% discount on transportation to Latin America and
Africa, the head of the ministry, Anton Alikhanov, said in an interview with
Sputnik.
"As for the Latin American direction, it acts as a priority for us within the framework of another mechanism of a new federal project to 'roll out' cargo flows on 'new' international transport corridors," Alikhanov said.
He added, "The support model provides for a 50% discount for Russian carriers of industrial products to Latin America and Africa for
their services to Russian exporters."
Alikhanov noted that this mechanism will increase the competitiveness of Russian companies in areas far from Russia. In addition, it will allow increasing Russia's cargo turnover with priority countries due to the reduced cost of sold products and expand the geography of Russian exports.
