The Russian government has vowed to assist and provide capital to businesses and companies that are affected by the sanctions. U.S and European sanctions were put on Russian companies in the banking, energy and arms industries in August 2014 after Russia’s role in the Crimean Crisis. The sanctions were put […]

Russian Government and Central Bank to provide capital to sanctioned ...

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A consortium of Russian companies are set to win a lucrative government contract for the construction of an oil refinery in western Uganda. The consortium, which consists of RT Global Resources (a subsidiary of Rostec), VTB Capital, Tatneft and SK Group, was shortlisted for the construction of the Kabaale refinery, which […]

Russians on Uganda refinery project shortlist

VTB Capital
ANGOLA is to receive a US $1.5 billion loan from a Russian bank, according to an report citing Angolan press reports and Portugal’s Económico. The local government agreed to the loan from VTB Capital, the investment arm of Russian’s second largest bank VTB Group, for a series of public investments […]

Russian bank lends US $1.5 billion to Angola