08.06.2009 - Russia courts Arab investment, lures trade
From Reuters: Russia, entrenched in economic woes, is positioning itself as a firm trading partner with Arab nations who are keen to rekindle their Soviet-era alliance, government officials said on Thursday. Trade between the Arab world and Russia currently totals $8 billion a year -- a figure dwarfed by that of Russia's heavyweight partner, the European Union, amounting to hundreds of billions of dollars -- but Russia hopes a wave of new investments will cement trade for years to come.......Full Article: Source
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