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Russia Seeks to Enhance Investments in Libya

March 27, 2024
Russia Seeks to Enhance Investments in Libya
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On Tuesday, the Libyan Investment Minister of the Parliament-designate government, Ali Al-Saiedi met with the Director of Export Way Group in Russia and Belarus.

The meeting, held at the ministry’s office in Benghazi, discussed areas of mutual cooperation that serve common interests.

Mazen Qaisi, the Director of Export Way Group in Russia and Belarus and Idris Ibrahim, the International Relations Officer of the group participated in the meeting.

The Libyan government said in a statement that Prime Minister Osama Hammad directed to intensify international cooperation and take advantage of investment opportunities and collaboration with all countries worldwide to achieve desired development and reconstruction plans.

In another context, the Russian President’s Special Envoy to the Middle East and North Africa, and Deputy Foreign Minister of the Russian Federation, Mikhail Bogdanov, has voiced support for elections in Libya.

In a press statement on Saturday, Bogdanov highlighted that elections are a cornerstone for resolving Libya’s enduring crisis and that Russia fully supports the holding presidential and parliamentary elections.

He further stressed the imperative of inclusivity, advocating for the engagement of all political entities in Libya in the electoral process. This proposition is a testament to Russia’s commitment to a political resolution that aspires to restore sovereignty and peace to Libya.

Furthermore, Bogdanov addressed allegations circulated by American media regarding Russia’s formation of an “African Legion.” He refuted these claims, clarifying the logistical and legal improbabilities of such a formation without explicit agreements and parliamentary ratification in both Russia and the involved African nations.

Elections that were meant to be held in December 2021 in Libya were delayed due to disagreements over election laws and the eligibility of certain candidates. Since then, Libya has been divided between two government and stuck in a political deadlock.

Tags: BelarusInvestmentslibyaRussia
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