Business · Trade · 1 hr ago
Putin says Russia and Equatorial Guinea can expand trade and investment
Russian President Vladimir Putin met Equatorial Guinean President Teodoro Obiang Nguema Mbasogo to discuss ties between their countries.
Putin said Russia and Equatorial Guinea have room to increase trade and pursue joint investment projects.
He pointed to energy and mining as the main areas for investment.
Putin also said trade and economic cooperation is lagging and has declined.
The countries hope an intergovernmental commission will help improve trade ties.
Cooperation also includes scholarships and training for Equatorial Guinean students and officials in Russia, and a Russian cultural center in Malabo.
Putin said more than 1,000 specialists from Equatorial Guinea have been trained in Russia over the years.
Vladimir Putin said Russia and Equatorial Guinea have scope to expand trade and investment.
He identified energy and mining as priority sectors for potential joint investment projects.
Putin said trade and economic cooperation was lagging and had declined.
He said an intergovernmental commission could help improve the situation.
Putin also cited scholarships, training programs and a Russian cultural center in Malabo as areas of cooperation.
- Who
- Russian President Vladimir Putin and Equatorial Guinean President Teodoro Obiang Nguema Mbasogo.
- What
- Putin said the countries could increase mutual supplies and pursue joint investment projects, especially in energy and mining.
- When
- At a meeting reported on October 28.
- Where
- Moscow, according to the article’s dateline.
- Why
- Putin said the countries had significant potential to expand cooperation, while trade and economic ties were lagging and had declined.
This story does not have two clearly opposing sides.
A Russian cultural center began operating in Malabo.
Two competitive training programs were held for Equatorial Guinean civil servants at Russian institutions.
The group training in St. Petersburg completed its program.
- Scholarships
- 75 Equatorial Guinean students receive annual scholarships to study at Russian universities
- Training
- More than 1,000 specialists from Equatorial Guinea have been trained in Russia over the years
- Priority sectors
- Energy and mining
- Cultural center
- Operating in Malabo since 2025
4 sources
What people are saying
our countries have significant potential both to increase mutual supplies of products in demand and to implement promising investment projects, primarily in the energy and mining sectors
There has even been a certain decline. We hope that the establishment of an intergovernmental commission will help improve the situation
Every year, we allocate federal budget funds to provide scholarships for 75 of your citizens to study at Russian universities.