Africa-Press – Zambia. Saudi Arabia is buying all of its oil from Russian at a discount. Then Saudi Arabia is selling all of its oil to the west. The west can’t sanction Saudi Arabia and Russia gets to sell its oil. Some of the oil is being sold through Egypt!
End result is huge inflation in Europe and a dying economy and a boom for Russia. As for Technology, Russia is getting it from China and India and some from its research centres!
To understand the dynamics, the population of Europe is 220 million people and the population of Russia alone is 160 million, India 1.2bn and China 1.4 bn.
Then in October this year, Russia Africa summit is being held to discuss most importantly the food situation. Russia is determined to give Africa what Africa used to get but under a new BRICS payment system.
As for Zambia, this is the time to sign a government to government agreement for Russian fertiliser and oil! We stand to benefit but if all we are interested in is $1.4bn IMF funds, they I don’t know…
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