Libyan Parliament-designate government is finalising preparations for the Libyan-Russian Forum, aimed at strengthening economic, political, and trade cooperation between the two nations.
On Monday, Libya’s Foreign Minister Abdel-Hadi Al-Hwaij chaired a meeting of the preparatory committee overseeing the forum’s organisation, according to a statement from the ministry.
The meeting focused on the final logistical and organisational arrangements, as well as key discussion topics to ensure the forum achieves its objectives. The ministry stated that the event aims to enhance Libya-Russia relations and explore new opportunities for investment and development.
Al-Hwaij emphasised the significance of the forum in reinforcing diplomatic ties and creating sustainable economic partnerships that benefit both nations. He noted that Libya is actively seeking to expand international cooperation, particularly in sectors such as energy, trade, infrastructure, and defence.
The Foreign Ministry highlighted that this forum is part of a series of high-level meetings aimed at bolstering Libya’s role on the international stage and attracting foreign investment. Officials hope it will serve as a platform for strengthening diplomatic and economic partnerships with Russia and other global stakeholders.
Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations.
Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.
