In its relations with Africa, Russia – which operates on global markets especially in the field of oil and non-oil raw materials – does not use the same logic as the Western countries’. The latter have always looked only for materials to be processed and turned into finished products within their factories.
In fact – according to the most authoritative scholars and experts – in Africa, Russia seeks above all the human capital, i.e. the human capital to be developed, the ruling classes to be educated, as well as the masses to be trained and made productive, always in an integrated vision of development between the great continental Eurasia and Africa.
The Russian relations with Africa are only synergistic, as they are two large reserves of raw materials and this makes their geo-economic situation in this respect very similar. However, as often reiterated by Russian experts, these are always operations that take long time and have a strong geopolitical and strategic dimension.
Hence, again according to Russian analysts, the logic underlying the relations between Russia and Africa is the union of their best practices so as to create a synergy that, in the future, will have a global geopolitical and economic impact.
Westerners want to look for goods and resources which are essential for their technological and industrial survival, while Russia wants to support Africa to take it away from the US and EU influence and use it as the pivot of Russia’s future development as a global, economic and strategic power.
However, the economic and political relations following the USSR collapse were the first ones to be sacrificed on the altar of the very severe Russian economic crisis of the time.
The current Russian establishment interpreted that crisis as an ill-managed colonization of the great Russian reservoir of raw materials. Exactly the same paradigm that is currently applied to the wide African region.
Later we witnessed the complex turn – ordered by Vladimir Putin since his official rise to power on May 7, 2000 – from a Russian GDP of only 764 million US dollars in 2006 to 2,096.8 million US dollars in 2014 up to 1,248.55 US dollars in 2016.
Moreover, the International Monetary Fund foresees that the future increases of the Russian GDP will result almost exclusively from the expansion of the internal market.
This is the example given by the Sochi Olympic Winter Games and by Russia’s international initiatives.
Hence – as Keynes explained in his old, albeit always valid, General Theory -if economic growth and the capitalistic or non-capitalistic industrialization depend on the secondary processing of raw materials and on the market-driven innovation, generated by the market and its demand, obviously the West must expand itself – in a new way – where these raw materials are found, namely Africa, Asia and Latin America – and obviously the new geopolitics will repeat the one analysed by Georg Wilhelm Pahl in the 1930s: the war for primary raw materials.
Unlike technologies, said raw materials are not reproducible.
Hence, in terms of basic productive structure, the Russian Federation is homogeneous and similar to many of the countries rich in raw materials which, like Russia, make up the so-called BRICS group.
In fact, if we read the Russian Federation’s “Concept of Foreign Policy” adopted by President Medvedev in July 2008, we can see that the issue of collaboration between Russia and the African countries- as well as an enhanced dialogue with the G-20 and the G-8 -are some of the fundamental issues of the Russian power projection throughout the world.
Moreover, in the 2017 “Concept”, it is made clear that “Russia intends to strengthen its position in global economic relations and prevent any discrimination against Russian assets, services and investments”.
It is worth keeping in mind that, altogether, Africa and the Russian Federation hold 60% of the world’s natural resources.
Hence the fundamental problem for Russia is to be so strong at international, legal and financial levels to avoid the fast and ferocious exploitation of its own natural resources – as well as of its friendly African countries – at low prices and without any political and military compensation in return.
Although many people think the opposite, imagining an impossible “tertiary society” -of “services” or, even more humorously, of “knowledge” -the “resource factor” is essential to analyse the current state of the world market.
Between 1960 and 2009 the world population grew from 2.5 to 6.6 billion people and currently, based on the 2017 data, we see the undoubtedly shocking forecasts of world population reaching as many as 7.6 billion people in 2018.
A 400% increase of the world’s population recorded throughout the twentieth century. According to UN data, between 2018 and 2100 the world population will rise approximately to 10 billion people.
Oil extraction – the axis of Russia’s current economy, which will also be diversified through these new relations between Russian and African raw materials-has risen from 2.5 million barrels per day in 1960 to 4 million barrels in 2009 up to 6.9 million barrels per day this year, with a forecast of stable global growth in oil consumption of 1.2 million barrels per day.
Global natural gas production has risen from 190 million in 1960 to approximately 3,900 in 2018, with a consumption outlook predicting significant growth of global consumption, higher than the oil one.
The fact is that these growth trends in raw material consumption apply not only to energy products, but also to all types of minerals and non-food raw materials.
Hence there is no monetary crisis – occurring by chance or artfully created – which can manoeuvre this stable condition of the markets and the allocation of raw materials. Any manipulation with derivatives or other financial formulas will never be able of changing the material equilibria on the planet.
It is worth noting, however, that 16% of the world population lives in developed countries, even though in these countries the social gap between rich and poor is increasingly widening.
The “Gini coefficient”, which is a commonly used measure of inequality of income or wealth, is currently optimal in the North European countries, while it is very low in Bolivia, Colombia and generally in Latin America.
However, it is also very low in Gambia, Namibia and South Africa, ranging between 0.66 and 0.50, in a context in which the maximum income equality is 0.50, considering that 0 means complete income equality.
The United States, Russia and China range between 0.40 and 0.45, with China following closely.
Nevertheless 10% of the richest population owns 37% of wealth in Europe, 47% in North America, 46% in Russia and 41% in China, but with 55% of wealth in Brazil, sub-Saharan Africa, India and even 61% throughout the Middle East – obviously excluding Israel.
This make us predict a future scenario that reminds us of Mao Zedong’s “Three Worlds Theory”, which proposed three political-economic worlds: the First world consisting of superpowers, the Second World of developing powers and the Third World of exploited nations.
The First World was composed of the USA and the Soviet Union, which engaged in imperialism and social imperialism and featured a “capitalist” country and a “revisionist” country (i.e. the USSR which, at the time, was consumed in the madness of the Cold War and in the economic and military confrontation between East and West). Japan and Canada, Europe and the countries of the global North-South divide composed the Second World, while the countries of Africa, Latin America and Asia (except Japan) composed the Third World, which would be unified and led by Red China.
Hence 16% of the population lives in the First World, which organizes the production and consumption of raw materials, while as much as 53% of the world population lives in developing countries.
With their 16% of population, however, the developed countries consume 52% of all the raw materials extracted.
This is the profound meaning of the “war for Africa” that everyone is currently waging with both conventional means and indirect or influence strategies.
Africa is the primary area for the extraction of manganese, chromium, bauxite, gold, platinum, cobalt – 94% of which is currently extracted indirectly by Chinese companies operating in the Black Continent – vanadium, diamonds, phosphorite and fluorite.
Africa is also the second region of extraction for copper, asbestos, uranium, antimony, beryllium and graphite, as well as the third region in the world for oil, natural gas, mercury and iron ore reserves.
Africa, however, also possesses significant deposits of titanium, nickel, bismuth, lithium, tantalum, niobium, aluminium salts, tungsten and precious stones.
In short, the Black Continent is strategic for all the raw materials characterizing the technologies of the future scientific and industrial revolution, which is currently typical of the First World’s economies.
Finally, another factor of geoeconomic similarity between Russia and Africa is that they are two great global regions in which the fast and often unreasonable exploitation of natural resources has not occurred yet. Political and military difficulties of ancient and now outdated colonial hegemonies.
As, indeed, it has already happened in Brazil and in some Asian areas.
The depletion of natural resources in Latin America is older and more profound than the one already underway in some regions of sub-Saharan Africa.
We must not forget, however, that in mid-21st century the demand for raw materials will grow by 50% or 60% while, again according to Russian statistics – mostly confirmed also by the United States – the oil demand is expected to grow by 113 million barrels per day until 2030.
Another important fact, however, is that every year the United States is increasing its imports from Africa – and this has been going on since 2005, with a yearly 10% increase of North American imports from Africa.
Over the same 2001-2015 period, the European Union has instead reduced its imports from Africa by 2.5%.
Nevertheless, over 70% of imports to the USA is only for oil products, while minerals and other African non-food raw materials only account for 14-15% of the US total imports.
Hence the African Growth and Opportunity Act (AGOA) – the Treaty that since 2000 has been regulating US and African trade -lays down that 6,400 products of 40 African countries will enter the USA duty free. This has indirectly created a million new jobs in Africa but, as always happens with mere free-trade treaties, they do not lead to investment, but only to the expansion of African imports which, although important, is not enough.
Currently, however, the US direct investment in Africa is on the wane: lately the US exports to sub-Saharan Africa have been worth 19 billion US dollars, while bilateral trade fell from 100 billion US dollars in 2008 to 39 billion US dollars in 2017 – a fall in North American imports mainly due to the increase in US energy independence and autonomy.
China has already funded 3,000 infrastructures in Africa in various ways and has granted 86 billion dollars of commercial credits to African governments. It has also invested 6 billion dollars a year throughout the Continent until 2025.
In 2015, during the Forum on China-Africa Cooperation Conference (FOCAC), President Xi Jinping granted a further multi-year commercial fund to the tune of 60 billion dollars, to which another 20 will be added at the end of the mandate in 2025.
Hence China is already Africa’s first creditor, with 14% of the entire sub-Saharan debt stock.
China’s Foreign Direct Investment in Africa, however, is still low, considering that it accounts for 5% of all the FDI in the Continent, while there are currently 10,000 China-owned companies – mainly private ones – operating in Africa.
Furthermore, in 2007 the EU launched the Africa-EU Strategic Partnership, operating between EU-27 and 54 African countries.
The fifth Partnership Summit held in Abidjan in 2017 reaffirmed the main assumption underlying the agreement, namely mutual trade, in a situation in which trade between Africa (i.e. the 54 countries adhering to the Africa-EU Strategic Partnership) and the European Union is worth approximately 300 billion euro a year, while the European Union has guaranteed additional 54 billion euro for “sustainable development” – whatever this may mean in Africa.
Following the non-brilliant concept of “equalitarian” trade typical of the USA, the EU has established a series of Economic Partnership Agreements (EPAs) with 40 other sub-Saharan African countries of the Strategic Partnership, with bilateral treaties envisaging preferential access to European companies in those areas, while imports will be liberalized over a period of 20 years.
Too late, too little.
Nigeria is opposed to the EPA since it maintains it is an obstacle stopping its industrialization, while Brexit has greatly weakened the EU ability to penetrate the African markets and ruling classes.
Finally, the USA has recently invested 6.5 billion US dollars in 14 African countries through the Millennium Challenge Corporation alone – funds aimed at fostering inter-African economic integration (a sort of future African EU) and to create the best conditions for standard private North American investment.
Moreover, in February 2018, the US government established the BUILD Act, i.e. the rules on Better Utilization of Investment Leading to Development, a new federal agency that will put together some functions of the Overseas Private Investment Corporation and of USAID, which will mainly deal with equity investment in Sub-Saharan countries.
However, let us revert to the Russian Federation.
Building on a strong bilateral relationship with Abdel Fattah al-Sisi’s Egypt, Russia currently plans to develop a series of relations – always and especially at bilateral level – with many African countries, particularly those having a more difficult relationship with the EU and the USA.
At the inauguration of Vladimir Putin’s current Presidency there were people of great strategic importance for Africa: Cyril Ramaphosa, President of the South African Republic; obviously Abdel Fattah al-Sisi from Egypt; Emmerson Mnangawa from Zimbabwe; Joao Laurenco, President of Angola; Hage Geincob from Namibia and finally Omar al Bashir, military and political leader of South Sudan.
With regard to Egypt, Putin is working on a nuclear power plant and a special industrial zone, as well as on a package of aid and investment amounting to approximately 32 million US dollars.
An operation that is supposed to be completed in 2022.
For Zimbabwe – currently a political pariah for the whole West – the relationship with Russia and China is fundamental for the steady flow of economic aid from the two Asian countries. This aid will soon be turned into bilateral trade and into the creation of an autonomous Russian economic zone in the Southern part of the country, in addition to the modernization of agriculture and the creation of some industrial sectors mainly linked to agricultural by-products.
Russia, however, has also invested 3 billion US dollars in a large platinum mine.
Alrosa, Russia’s major State-owned company in the diamond sector, will operate in Angola where it will exploit one of the largest diamond deposits in the world, namely Luaxe. The Russian Federation is also planning to make additional infrastructure investment in South Sudan, very different from the investment planned by Europe and the United States there.
Russia, however, plans to develop – above all – the vast oil fields that Al Bashir’s regime of South Sudan has on the borders of the country. As to South Africa, we will see what results the South African Presidency of the BRICS groups on July 25-27, 2018 will achieve in terms of bilateral relations.
It is worth recalling that the BRICS countries account for 26% of the world surface and 42% of the world population.
In the Third World population is growing, while the population decline in Europe and North America makes us fear the worst for our rates of development and the unsustainable costs of welfare and pension systems while, for obvious reasons, the average factor productivity is decreasing throughout the West.
With a view to underlining again the importance of relations between the Russian Federation and the African countries, there is a clear link between Russia’s trading partners in Africa and the States participating in the bilateral joint manoeuvres put in place ever more often by Russia in Africa.
Moreover, the Russian peacekeepers in Africa often outnumber those coming from France, Great Britain and the United States. In Africa the Russian “green helmets” often outnumber those of the other Western powers altogether.
Furthermore – according to Standard & Poor’s, but also to data from other financial research companies-to some extents, sub-Saharan Africa is more attractive for business than other areas of the world, i.e. the Frontier Emerging Markets – 37 countries in total, including Slovakia, Slovenia, Kazakhstan, Cyprus, Estonia and the United Arab Emirates.
Considering these areas, the US military imports over 50% of the minerals needed for the construction of long-range bombers from sub-Saharan Africa only, while the US military imports of cobalt from the countries of that region account for 75%.
Furthermore, Africa will be a land of conquest for the Russian Federation, together with the People’s Republic of China, inasmuch as the investment of major countries will be infrastructural, lasting and based on the training of the local ruling classes and, above all, of their local labour forces.
Nobody Wants a War in Donbass
Any escalation is unique in its own way. Right now there’s a combination of unfavorable trends on both sides, which are leading to an escalation of the conflict. This combination creates additional risks and threats that weren’t there before.
On the Ukrainian side, the problem is that the president is losing his political position and becoming a hostage of right-wing and nationalist forces. Many of the reform initiatives that he came to power with have stalled. Political sentiments are changing within his faction. They’re saying that with his recent steps, in particular the language law and the closure of television stations that Kyiv dislikes, he’s starting to stray towards the agenda of his predecessor, Poroshenko. And this means a weakening of his position. Probably, he’s already thinking about re-election and how he will look during the campaign. Here, the trend is unfavorable.
On the other hand, there’s the arrival of Biden, who will always be more attentive to Ukraine than Trump. There’s an expectation that the U.S. will be more consistent and decisive in its support for the Ukrainian side in the event of a conflict. This invigorates the forces that are looking for an escalation.
The conflict in Nagorno-Karabakh also played a role. They said there was only a political path to resolving the conflict, but in Karabakh [the Azerbaijanis] used force and made real progress. This motivates the people who think that military force can resolve a conflict. Moreover, Ukraine is carrying out defense cooperation with Turkey, so there may be hopes that the balance of forces will shift in Kyiv’s favor.
There’s also a radicalization of the political leadership of the DNR and LNR. They say that [full-scale] war is, if not inevitable, than very likely—and Russia must intervene. The idea that the DNR and LNR should join Russia is gaining popularity once again. This is facilitated by Russia’s actions. In the last two years, the mechanisms for granting Russian citizenship to residents of the LNR and DNR have changed. Hundreds of thousands of LNR and DNR residents are already citizens of the Russian Federation, and Russia has—or at the very least should have—some obligations towards its citizens. This gives hope to [the residents] of the LNR and DNR that if an escalation begins, Russia won’t remain on the sidelines and we will see large-scale intervention. Without Russia, the conflict will not develop in the favor of the republics.
As for Russia, our relations with the West continue to deteriorate. There’s Biden’s statement about Putin being a killer, and relations with the European Union. We are witnessing an accumulation of destabilizing trends.
I don’t think anyone wants a real, big war, since the costs of such a conflict will exceed the political dividends. It’s difficult to predict what such a conflict might lead to, given that the stakes are very high. But an unintended escalation could occur.
Hopefully, all of those involved have enough wisdom, determination, and tolerance to find a positive solution. So far, we are far from a serious conflict, but we’re closer than at the beginning of April 2020 or 2019. Unfortunately, we’re headed downhill, and it’s difficult to say how long it will go on.
To prevent a [full-scale] war from starting, the situation in Donbass needs to be stabilized. That’s the first task. In recent weeks, the number of ceasefire violations has been increasing, and the number of victims is growing. We need to return to the issues of the withdrawal of heavy weapons, the OSCE mission, and monitoring the ceasefire.
The second task is to discuss issues of political regulation. The main uncertainty is how flexible all the parties can be. The Minsk agreements were signed a long time ago, [but] it’s difficult to implement them in full, there needs to be a demonstrated willingness not to revise them, but to somehow bring them up to date. How ready are the parties for this? So far, we aren’t seeing much of this, but without it we will not advance any further.
The third issue is that it’s impossible to resolve the Donbass problem separately from the problem of European security as a whole. If we limit ourselves to how we fought in Donbass, Kyiv will always be afraid that Russia will build up its strength and an intervention will begin. And in Russia there will always be the fear that NATO infrastructure will be developed near Voronezh and Belgorod. We have to deal not only with this issue, but also think about how to create the entire architecture of European security. And it isn’t a question of experts lacking imagination and qualifications, but of statesmen lacking the political will to seriously deal with these issues. Because if you reduce everything to the requirements of the formal implementation of the Minsk agreements, this is what we’ve been fighting about for seven years already.
I think that Ukraine will now try to increase the political pressure on Moscow and get away from the issue of the Minsk agreements. And going forward a lot depends on what the position of the West and U.S. will be. To what extent and in what format will they provide support in the event of an escalation? This is still an open question. And, I think, even Biden doesn’t know the answer to it.
From our partner RIAC
Updating the USSR: A Test for Freedom
Thirty years ago, on March 17, 1991, the only all-Union referendum in the history of the USSR took place. One question was put to a vote: “Do you consider it necessary to preserve the Union of Soviet Socialist Republics as a renewed federation of equal sovereign republics, in which the rights and freedoms of a person of any nationality will be fully guaranteed?” Almost 77 percent of those who voted said “yes” to the preservation of the USSR in an updated form. The authorities of Armenia, Georgia, Latvia, Lithuania, Moldova and Estonia refused to hold the referendum on their territory. By that time, the legislative and executive bodies and institutions in these republics were already controlled by secessionist forces, which did not hide their intentions to leave the USSR.
The March 17 referendum at that time was the only convincing attempt to appeal to public opinion on the most important issue of the political life of a huge country. However, the results did not change anything — by December 8 of the same year, the leaders of Belarus, Russia and Ukraine decided to dissolve the USSR. The referendum itself became the beginning of the end of a unique state — an experiment in the vast expanses of Eurasia. By that time, the republican elites were already ready to take power and wealth into their own hands; the events of August 1991 spurred this readiness — in Turkmenistan, where almost 100 percent of the population voted to preserve the USSR, on August 22, 1991, all enterprises were placed under republican control.
All the republics of the USSR met the new year in 1992 as newly independent states. For some of them, this status was a long-awaited event, for which they had fought. Others were, according to former Prime Minister of Kyrgyzstan Apas Jumagulov, “thrown out of the union, cut off as an unnecessary part of the body.” Many economic ties broke off immediately, while others collapsed gradually; the rest survived and were even strengthened. In politics, everyone was left to their own problems. Azerbaijan, Armenia, Georgia, Moldova and Tajikistan plunged into bloody political and interethnic conflicts during their first years of independence.
The path of the countries that emerged from the ruins of the USSR over the years was the road to gaining their own subjectivity in international politics. With great difficulty and despite all odds, Armenia and Moldova are coping with this task. The majority — Russia, Azerbaijan and all the countries of Central Asia — were able to solve the problem more or less successfully. Georgia and two Slavic republics — Belarus and Ukraine, were hanging in the “limbo” between external management and full-fledged statehood. The three Baltic republics quickly transferred their sovereignty to the European Union and NATO. In their independent development, they had to make, in fact, the only decision, which, moreover, was due to historical reasons and external circumstances. This decision was made and now the fate of Latvia, Lithuania and Estonia cannot be perceived outside the context of Russia-West interaction.
For the rest, the direct link between success in creating their own statehood and the scale of interaction with the West (Europe and the United States) is quite obvious. This historical fact reveals a relationship between the ability of small and medium states to ensure their sovereignty and the interests of the great powers in their neighbourhood. Such powers were Russia and the European states, united into the European Union simultaneously with the collapse of the USSR. Also, an important role was played by the United States, which always sought to limit Russian opportunities and supported the newly independent states. At the same time, an attempt to choose in favour of closer relations with the West to the detriment of Russian interests in all cases, without exception, led to a very shaky statehood and the loss of territory.
The dramatic fate of Armenia, Georgia, Moldova and Ukraine shows that the strong collective institutions of the West are capable of exerting a stabilising effect only on those states that directly became part of them.
In all other cases, no matter how complete absorption becomes possible, an orientation towards these institutions only leads to the use of small countries in a diplomatic game with bigger partners.
Therefore, the experience of the development of such major players as Azerbaijan or Uzbekistan is indicative — they were able to confidently form their own statehood, without finding themselves in a situation of choosing between conflicting poles of power. Their main resource turned out to be a rather fair demographic situation. But not only this — the population of Ukraine has also been and remains large by European standards. Kazakhstan is a success by this indicator; equal to the average European country or small Asian states.
Therefore, the ability of most of the countries of the former USSR to build relatively independent and stable statehood played no less important role. In many ways, this ability was established during the years of the Soviet Union’s existence. Founded on December 30, 1922, it was not just a continuation of the Russian Empire, which had collapsed five years earlier. Its main distinguishing feature was its unique model of state administration, based on the full power of one political party. As long as the unique position of the Communist Party remained in the Soviet state, the experiment could exist. With the abolition of Article 6 of the Constitution of the USSR, its days were numbered regardless of the desire of the population or the real readiness of the elites to take full responsibility for what was happening.
The USSR model of state structure, new by historical standards, created the conditions for a rather unique experiment, within the framework of which union republics were created, none of which, except for Russia, Georgia and Armenia, had the experience of centralised state administration within the territorial boundaries that they acquired within the framework of the USSR. At least the peoples inhabiting them can boast of a significant experience of statehood as such. Thus, most of the countries of Central Asia trace their ancestry back to great empires or urban civilizations of past centuries.
The Baltic republics were always on the sidelines — their independent statehood arose during the collapse of the Russian Empire and existed as such for almost 20 years before being incorporated into the USSR in 1940. Russia has returned to its historical state of being a major European power or empire of the 19th century, with the development of a multinational and multi-faith society central to its development objectives. In fact, Russia has not lost anything really necessary for its survival in international politics.
The peculiar structure of the USSR formalised the situation in which the former outskirts of the Russian Empire ceased to be part of the Russian state, although Moscow served as the centre of the union. Russia among them was in the most ambiguous position — it did not have its own most important institutions of Soviet statehood — the party organisation and the republican State Security Committee. Russian nationalism was subjected to the most severe and consistent persecution by the Soviet authorities.
The vast majority of republics within the USSR, for the first time, received the experience of building their own state and their national elite.
The backbone of the ruling class was the Soviet and party nomenklatura, which all took power, with few exceptions, after 1991. Even in Tajikistan, where the first years of independence were overshadowed by the civil war, it was this part of society that was eventually able to establish control over the situation. In other Central Asian countries, elites formed on the basis of the state tradition established during the Soviet era, gradually supplemented by representatives of a new generation that grew professionally after the collapse of the USSR.
Thirty years is a sufficient period to assess the results of the independent development of the countries that emerged from the republics of the former USSR. Now the period of their growing up can be considered complete; ahead is an independent future. Russia is increasingly feeling independent and not particularly obligated to its neighbours. In any event, Moscow will continue to follow a moral imperative of responsibility for maintaining peace and strictly ensure that its neighbours correlate their actions with Russian security interests.
From our partner RIAC
Fighting Covid-19 pandemic: The Russian Way
With a strong structured plan and that includes President Vladimir Putin weekly meetings with regional governors and related ministry officials, Russia is indeed making headway in mobilizing first its own domestic resources in fighting and controlling the coronavirus pandemic.
Under these time-testing conditions, the Russian government also ponders on the necessity to adopt a concerted approach to the economic sectors related to public health system, making efforts to strengthen fundamental research in all health disciplines and close the pitfalls in its policy.
Arguably, Russia is really moving with innovative orientations, exploring and finding lasting solutions. Russia is far ahead, both in terms of medical tests and vaccines. Currently, it is partnering with India and South Korea in manufacturing vaccines for immunization of both foreigners and Russians.
“India and South Korea are already producing the vaccine, and many of these enterprises will reach full capacity in April. Thus, this is truly the greatest achievement of Russian science, which is widely acknowledged by the entire world,” CEO of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev told Russian President Vladimir Putin during an early April meeting to review developments as well as production and promotion of Russian vaccines.
In addition, he informed the president that RDIF and its partners are actively working with Russian manufacturers, it took us three months to build Sputnik Technopolis, one of the largest plants to produce the vaccine, and together with R-Pharm. Russia is setting up international production per agreements with 10 countries and 20 manufacturers, including the world’s largest producers.
Beyond that, the Russian Direct Investment Fund is actively implementing a programme, of course, with a focus on vaccinating Russian citizens, but part of the vaccine produced abroad will simultaneously be delivered to foreign markets, according Dmitriev.
According to his assessment, Russia is not only one of the current leaders in the world in terms of vaccination rate, but it can provide vaccines to all people in Russia who want to be vaccinated before June using the production capacities in Russia and abroad.
“As I understood from talking to experts, our vaccine is effective against all known strains of the virus,” Putin commented during the discussion, and Kirill Dmitriev smartly added that “due to the two jabs, it is better than the other vaccines as relates to mutations. We believe that our vaccine is one of the best in the world, including against new strains of COVID-19.”
Reports show that Russia has produced 20.1 million doses of the Sputnik V vaccine as of March 17, while 4.3 million people, out of a population of 144 million, have received both shots of the vaccine.
According to data from Johns Hopkins University, at 225,572, the total coronavirus-related death toll places Russia third after the United States, which has reported over 553,000 deaths, and Brazil, with over 325,000.
According to the Russian Statistics Service, this April Russia has recorded over 225,000 deaths related to coronavirus since the start of the pandemic. That Russia has the third highest death toll in the world.
The Russian Direct Investment Fund (RDIF) is Russia’s sovereign wealth fund established in 2011 by the Russian government to make investments in leading companies of high-growth sectors of the Russian economy. Its mandate is to co-invest alongside the world’s largest institutional investors – direct investment funds, sovereign wealth funds and leading companies.
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