RUSSIA-AFRICA:  Debt Write-Off Boosts Closer Trade Ties
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MOSCOW, Jun 5 (IPS) - Long seen as funding the continent's wars and  doing little other than seeking out petroleum and mineral  resources, Russia is now looking to kick-start better trade  relations with Africa, and has made its first move by writing off  the majority of the continent's debt.
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Russia said on Friday it hoped to  restore normal relations with Britain following tit-for-tat  expulsions of diplomats this week, but business leaders said  commercial ties could suffer.
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Russia is considering an early repayment of its debt to the Paris Club group of rich lending nations.
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Bulgaria donated $56.6 million in  Soviet-era debt owned by Libya as its contribution to a deal  that led to the release of six medics convicted of infecting  Libyan children with HIV.
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Stepping up economic cooperation and prospects for bilateral projects will be central as usual at the Russian-German summit-level consultations in Hamburg on December 20-21. The two countries key cabinet ...
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Russiaâs largest metals producer Norilsk Nickel and two South African gold mining companies Gold Fields and Harmony Gold Mining Co.
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Russia agreed Sunday to join in an international agreement to forgive up to 80 percent of Iraq&#39;s foreign debt, allowing the deal brokered by German and US officials to go ahead.
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The government has pledged to provide greater debt relief for some of the world&#39;s poorest countries. It was announced on Sunday that the UK will write off its share of World Bank and African Development Bank
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Russia will start paying its debts to Germany in 2005, German chancellor Gerhard Schroeder said on Tuesday. Speaking at a press conference after negotiations with the Russian president, Vladimir Putin , in
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Leaders of China and Russia mutually recognized their status of full market economy on Friday, saying that it will boost the development of bilateral economic and trade cooperation.
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France and Russia sign deals in the transport and aviation sectors worth more than $10bn.
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Trade between China and Africa reached a record $55 billion last year, much of it coming from oil and metals.
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Russia agreed on Sunday to forgive up to 80 percent of Iraqâs debts to the Paris Club (about $33 billion). A US Treasury official quoted by Reuters said they received this information from Russia.
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Russia is seeking a new economic partnership to boost a decades-old friendship with India, envisaging sophisticated arms sales, high-end technology swaps and political support on the world stage.
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Siemens AG has announced two contracts, one in Russia and another in South Africa.
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MOSCOW, Sep 9 (IPS) - Russian President Vladimir Putin has sought to  build new bridges with Africa on a tour this week - with  development among its main pillars.
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MOSCOW, Sep 25 (IPS) - Russiaâs truck manufacturers say theyâre ready to  do more business in Africa but the countryâs image problem may be  getting in the way.