Posted Tuesday, May 17, 2016 at 11:23am
Potentially due to the risk/reward calculations of becoming overly committed to an unstable DRC, it appears that Moscow has yet to establish a robust economic or financial presence in the country. With a lack of large-scale business engagement, the Russian presence appears to hinge around the following areas of cooperation and engagement:
Posted Tuesday, May 17, 2016 at 11:20am
Angola is one of Russia’s strongest partners in sub-Saharan Africa, with a relationship formed during the Cold War. The legacy of Soviet military provisions to the country has helped Angola remain a reliable market for Russian weapons exports. In the economic and financial domain, however, it is Alrosa, Russia’s state-owned diamond mining company, that forms the most significant strategic between the two countries.
Posted Tuesday, May 17, 2016 at 1:23am
Although Angola’s path to democratization has been bogged down by the entrenched interests of the political elite and rampant corruption, the country has found significant success in economic terms by tapping into its vast oil wealth. Today, China takes a massive 48.1% of the country’s total exports, primarily in the form of oil deliveries. Of the 94% of Angolan exports that are made up of crude oil, some 50% go to China.