#AceFinanceNews – MOSCOW – June 03 – /ITAR-TASS/. Russia is interested in closer economic cooperation with Pakistan, especially in the energy sector, Sergei Shatirov, a deputy chairman of the economic policy committee of Russia’s Federation Council upper parliament house, said on Tuesday at a meeting with Russian Honorary Consul in Lahore Habib Ahmed.
According to Shatirov, the Russian side is interested in possible participation in the CASA-1000 project, which provides for the construction of three high-voltage electricity transmission lines from Kyrgyzstan and Tajikistan to Afghanistan and Pakistan. “Russia’s joining this project as an equal participant would help solve financing problems. Moreover, it would make it possible to hook up CASA-1000 with Russia’s energy system via Kazakhstan,” he said.
“Russia’s participation in the CASA-1000 project would be a guarantee of uninterrupted electricity supplies to South Asian countries, first, to Pakistan.”
He expressed the hope that Islamabad will support Russia’s initiatives.
Apart from that, Shatirov reassured partners that Russian companies, including Telhnopromexport and Inter RAO were ready to take part in the modernization of Pakistan’s energy sector.
The most promising facilities from this point of view, in his words, were heat power plants in Muzaffargarh and Jamshoro.
Habib Ahmed, in turn, stressed that regular meeting and exchange of views were very useful for the development of cooperation between the two countries. “Our business wants to cooperate with Russia as a country of big opportunities.
And it is important for Pakistan to develop our relations more actively,” he said.
#AceFinanceNews – WASHINGTON – March 22 – Afghan President Hamid Karzai appreciates the economic help provided by the former Soviet Union to his country in the past.
“The Soviet money went to the right place.
They were efficient in spending their money and doing it through the Afghan government,” Karzai said in an interview with The Washington Post this month.
The newspaper said that the Russian government had drawn up a list of 140 Soviet-era projects which it would like to renovate.
One is the Kabul House-building Factory constructed in the early 1960’s by Soviet specialists, which received a consignment of new equipment worth 25 million U.S. dollars from Russia last autumn.
The Washington Post quoted the head engineer of the house-building factory as saying that “what the Soviets did here was really fundamental.
They were thinking about the long term.”
It also noted that the number of students studying Russian at the Kabul University had doubled over the past two years, and Russia had doubled the number of grants to Afghan students.
The Washington Post (Exclusive)
#AceFinanceNews BERLIN – E.ON Concern head Johannes Teyssen urged politicians to take a responsible position due to the crisis in Ukraine.
From 2007 E.ON Concern invested about six billion euro to develop business in Russia.
In an interview with Spiegel on Sunday, Tayssen said, “I don’t want to interfere into foreign political issues. I believe that in the last 10 years our policy in the East can be considered responsible.” “Trust-based relations between both countries and interrelations between our economies allowed over 6,000 German companies to operate in Russia,” the E.ON Concern head said, adding “Russian companies also operate in Germany.” “Cooperation between our countries made the situation on the continent peaceful. While cooperating with Russia we survived the Cold War, the war in Afghanistan,” he said. However, Teyssen said, “Business relations remain good. I believe that politicians should take a responsible position under the current circumstances.” Despite the crisis in Ukraine “I don’t see any threats to prevent the work of E.ON Concern in Russia. The Russian government pledged to guarantee stable framework conditions for private capital and investments and it kept its promise”, he said. Russia can use its energy resources as pressure on Europe, Teyssen said. “I can’t hear rumours on dependence. For more than 40 years Europe and Russia maintained energy partnership. Gas has never been used as a strategic weapon against the West.” Russia continues gas supplies and “it is a reliable gas partner”, Teyssen said. #AFN2014
“The parties are holding an active political dialogue at the high level – at the level of presidents and foreign ministers.
As for economic components, it lags behind the political one,” said Kabulov, who is also director of the Russian Foreign Ministry 2nd Asia Department.
“There are few landmark economic contracts and agreements. It is clear because Afghanistan is a country at war. There are no conditions for security and there are risks for making investments in the country,” the high-ranking diplomat said.
“However, there are joint projects where we maintain cooperation. For example, Russia’s Tekhnopromexport should end the reconstruction and modernisation of the Nagly hydropower plant near Kabul.
Another Russian company is completing the reconstruction and modernisation of the Kabul homebuilding factory.
These are very important projects for Afghanistan,” he said.