Pambazuka News - 0 views
-
But diamonds apart, there is one significant difference between this Russian interest in energy and raw materials and its larger and more publicised Chinese comparator. While a major Chinese motive is the need for raw materials to fuel and feed China’s soaring output, Russia is a major raw materials exporter. Indeed it is rising world raw material prices, partly fed by China’s growing demand, which provides Russia with the cash resources to fund its purchases of African and global assets.
-
There is also talk of a grand $13bn trans-Sahara gas pipeline from the Niger Delta to the Algerian coast and thence to Europe [1]. While some experts consider this ‘politically and technically impractical’, the majority state-owned Gazprom’s Chief Executive is said to be in continuing discussions with officials from the Nigerian National Petroleum Corporation (NNPC).
-
In Africa, the Russian state seems far more 'upfront' about pursuing its grand geopolitical projects than the more cautious and patient Chinese. Russia's private sector too is prepared on occasion to operate with an unashamed directness where others might be more diplomatic." While all eyes are on China's growing influence in Africa, Stephen Marks argues that Russia's Russia's bear is quitely [sic] intensifying its hug.