No Result
View All Result
Sunday, February 15, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Russia edging back to Libya business ?

byNigel Ash
April 13, 2012
Reading Time: 2 mins read
A A

Tripoli: April 12

Vladimir Putin has indicated that Libya and Russia may be in the early stages of restoring commercial ties, ruptured . . .[restrict]by the Kremlin’s opposition to NATO’s Libyan intervention and Russian support for the Assad regime in Syria.

Answering parliamentary questions in his last appearance as prime minister, president-elect told legislators:“The new Libyan authorities have sent signals that they would be interested in maintaining economic ties with Russia.”

Officials in Moscow have estimated that the country has faced losses in excess of $4 billion on contracts made with the Qaddafi regime. These are principally in connection with weapons supplies and railroad construction, as well as oil and gas investments, mainly by Gazprom.

Libya-Russia relations were further soured by the February attack on the Russian embassy building in Tripoli by ex-patriate Syrians and Libyan supporters. The main building was entered and the rooftop Russian flag was torn down and replaced with the Free Syrian colours. The government promised an investigation into the incident, in which no arrests were made and where the attackers left peacefully after some hours. The Russians have yet to be told about either the progress or outcome of that enquiry.

RELATED POSTS

Tunisian Ministry of Transport announces studies for railway connection project with Libya and Algeria

General Staff of Libyan Army strongly condemns yesterday’s Janzour armed clashes – those responsible will be held accountable

It was notable that Putin did not mention the issue of compensation for losses incurred by Russia contractors, as a result of their evacuation during the fighting. Libyan government sources indicated last month that China by contrast, has made compensation and an immediate settlement of outstanding payments a pre-condition of any return to the $ 19 billion portfolio of projects it had been awarded by the old regime.

Reporting Putin’s parliamentary appearance, the Russian news channel Rianovosti noted that Libyan prime minister Abdurrahim Al-Kib had made no secret of his dissatisfaction with the Kremlin. It reported him as saying last month that Libya was dissatisfied with Russia’s stance on the uprising: “Are we willing to see Russians in Libya again?…Yes, probably, if those contracts do not benefit the deposed regime and have no ties with it. Will we extend Russian contracts? Theoretically, yes, but only after we study them and confirm that they are in line with the legislation and are not blemished by corruption.”

For his part, Putin told his parliamentarians that he thought that Russia’s fundamental interests were to a large extent similar to those of countries in the Middle East.

“I have no doubts,” he said, ”that we will move to new forms, new horizons and new levels of cooperation.”

He added that in his view, the best way to achieve this was to develop Russia’s own economy, so that cooperation with Russia became “attractive” and did not depend on “regime changes in any countries.”

Tweet
[/restrict]

Related Posts

Tunisian Ministry of Transport announces studies for railway connection project with Libya and Algeria
Business

Tunisian Ministry of Transport announces studies for railway connection project with Libya and Algeria

February 14, 2026
Germany’s GIZ launches Libya IT sector survey to assess employment potential, identify training gaps
Business

High-level Libyan delegation visits Egypt to advance private sector engagement in Solid Waste Management

February 14, 2026
‘‘U.S. experts’’ visit Sirte’s single pivot agricultural irrigation circles – 87 irrigation circles will be restarted in 2025
Business

National Development Agency signs partnership agreement with Signify Philips to enhance lighting projects in Libya

February 14, 2026
Minister of Industry meets the Committee for Localisation of Oil Materials and Equipment Industry
Business

Undersecretary of Ministry of Industry and Minerals discusses industrial investment prospects in Libya with Turkish company

February 14, 2026
CBL receives results from meetings with international banks
Business

CBL first 2025 issue Certificates of Deposit achieve a 10.87 percent return – exceeding expectations

February 13, 2026
CBL receives results from meetings with international banks
Business

CBL requests Foreign Ministry to instruct employees to only use official foreign exchange bureaux – calls on authorities to close unlicensed foreign exchange shops

February 13, 2026
Next Post

A new line in the sand: The authorities and the thuwar – going their separate ways?

Government bullish about integrity of Saif trial; promises elections will be on time.

Top Stories

  • NOC announces force majeure at Zawia port

    Seven companies successful as Libya announces results of first public bidding round for oil and gas exploration‎ in 17 years

    0 shares
    Share 0 Tweet 0
  • Saif al-Islam Qaddafi buried in Bani Walid next to his brother – thousands attend funeral as supporters of former regime display old green flag

    0 shares
    Share 0 Tweet 0
  • MFZ signs strategic maritime MoU with the Egyptian company MAPSO to enhance capabilities in building and maintaining marine vessels

    0 shares
    Share 0 Tweet 0
  • EU launches Invest4Libya project to strengthen public finance and drive digital and green investment in Libya

    0 shares
    Share 0 Tweet 0
  • NOC Chairman affirms partnership with private sector is a cornerstone of developing oil industry

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Tunisian Ministry of Transport announces studies for railway connection project with Libya and Algeria

General Staff of Libyan Army strongly condemns yesterday’s Janzour armed clashes – those responsible will be held accountable

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.