Friday, October 02, 2009


In 2007, Russia strongly encouraged its companies to buy assets around the world. The idea suited Vladimir Putin's philosophy of restoring Russia's international position.

He is eager to see his country regaining its close partnership with Africa.

Russia is the world's largest energy exporter, and has plenty of its own metals and minerals.

Still in 2007, rich Russian companies wanted to expand their global reach while they had plenty of money in their pockets. At that time, the price of oil was topping 80 dollars per barrel.

The companies also wanted to use their foreign investments as insurance against eventual future changes in Russia.

The Russians see the changes in Africa and Near East, and are fast expanding from oil into financial services, telecommunications and retail.
  • Growth expected in Africa
  • Injection of capital and expertise is needed
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