Home » News » A hostage to settling the situation… Russia’s desire for its companies to return to Libya

A hostage to settling the situation… Russia’s desire for its companies to return to Libya

The Russian presidential envoy for the Middle East and African countries and Deputy Foreign Minister Mikhail Bogdanov said that his country is ready to invest outside the field of energy in Libya by joining infrastructure development projects.

Bogdanov said, in an interview with the Russian agency TASS, that Moscow will encourage Russian companies that plan to return to the Libyan market when the situation in the country is settled and security conditions are guaranteed.

The Russian diplomat said they would be ready to join in restoring and developing Libya’s vital post-conflict economic infrastructure, Tobruk said.

The Russian official said that the foreign and Russian company had to leave and end its activities in it after “the aggression of the North Atlantic Treaty Organization,” as he put it.

Bogdanov pointed out that Russian institutions are interested in returning to the Libyan market, despite the aggression suffered by NATO, as he described it.

The Russian diplomat pointed out that Libyan officials have repeatedly raised the return of Russian companies to the country, adding that the business will include the implementation of large-scale joint projects, and not only in the energy sector, he said.

Bogdanov said that the joint Russian-Libyan cooperation dates back to decades, before the developments of 2011, during the work of many Russian economic actors in that country, according to what he reported.

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