A recent announcement by Uganda’s Oil Ministry that a Russian company – RT Global Resources – won the bid to build a $3bn oil refinery highlights the Kremlin’s attempts to return as a major player in Africa. RT Global Resources is a subsidiary of Russia’s largest state-backed corporation Rostec whose CEO, Sergey Chemezov, is on US and EU sanctions lists after Russia’s moves in Ukraine. Chemezov, nicknamed “Putin’s arms dealer” and a longtime friend of the president, is leading the company in moves designed to ease Russia’s access to strategic minerals, build much-needed trade, and bolster employment in… …read more
Source: Egylovers
