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Russia and Libya Sign Agreement to Promote Economic Cooperation

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Russia and Libya to Sign Agreement to Promote Economic Cooperation

(3 Minutes Read)

The agreement also provides for the exchange of all information of common interest related to the economy and foreign trade in the markets of both countries

 Mohamed Al-Raied, President of the General Union of Libyan Chambers of Commerce, met with Vladimir Badalko, Vice-President of the Chamber of Commerce and Industry of Russia, in Moscow recently. They signed an agreement on several aspects of economic cooperation between the two countries and to strengthen relations between them.

Those included a commitment to contribute to the expansion of contacts ‎‎between institutions, organizations, companies, and businessmen between the two countries.‎ The agreement also provides for the exchange of all information of common interest related to the economy and foreign trade in the markets of both countries.‎

Assisting the organization of forums, conferences, and meetings in the field of economy and trade, agreement to hold regular meetings to evaluate the agreed measures, overcoming obstacles hindering the development of economic cooperation, and identifying current and future issues of bilateral cooperation are the other provisions of the agreement to promote bilateral cooperation.

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The Russian Embassy in Libya resumed its consular section work from Tripoli as of 1 June and is operating from a temporary location at Tripoli’s Mahary Radisson Blu hotel.