back to top
HomeBusinessM7 Meets New Russian Ambassador, Discuss Bilateral Trade

M7 Meets New Russian Ambassador, Discuss Bilateral Trade

Published on

- Advertisement -spot_img

President Yoweri Kaguta Museveni  has received credentials of the new Ambassador of the Russian Federation to Uganda H.E. Semivolos Vladlen.

Amb. Semivolos was accompanied by the Chargé d’Affaires Dr. Evgeny Kalashnikov.
The fountain of honour told his guest that the relationship between Africa and the Soviet Union started immediately after the communist revolution against socialism way back by 1917.

“Since that time Africa has been working with the Soviet Union. Uganda has been working with Moscow since its independence in 1962”, he said.

The President was happy to learn that a Russian business delegation was due to visit the country to explore investment opportunities.

“I want that Russian delegation to come. I will welcome them myself. Russia is always our friend”, he said.

During the meeting that was also attended by the Minister of Foreign Affairs General Jeje Odong and other officials, Mr. Museveni emphasized that inter-ministerial meetings between the two countries should always take place and on schedule to follow up on commitments.

The Russian Ambassador Vladlen Semivolos told the president that Russia has good bilateral cooperation with Uganda and is willing to foster more development partnerships.

“By next year, a Russian business association visit Uganda to establish areas of investment especially in coffee trade, Information Technology and security”, he said.

Uganda and Russia maintain a long history of cooperation in the fields of defence, education, energy, culture, trade and investment. Uganda’s bilateral trade with Russia has doubled over the last ten years, from $30m (sh112b) in 2009 to over $74m (sh270b) by the end of 2018, much of it in mining and ICTs.

Related

Joshua Baraka brings hope home as ‘Just Believe Day’ uplifts Kawempe families

Joshua Baraka brings hope home as ‘Just Believe Day’ uplifts Kawempe familiesKazo Playground today...

Isaiah Katumwa Breaks New Ground as New Days Hits Billboard Smooth Jazz Airplay Chart

Ugandan saxophonist Isaiah Katumwa has reached a significant global milestone after his latest single New Days made its...

Devon Petroleum Debuts in Uganda with Nansana Flagship Station

Devon Petroleum SMC LTD, a dynamic and fast-growing player in the petroleum sector, today...

Pearlwood 2026 Seeks to Ignite Next Generation of Ugandan Storytellers

The Pearlwood Film Awards 2026 have officially been launched, with organisers and the Ministry...

More from The Capital Times

Business Boom In Namugongo Ahead Of Martyrs Day

Business has picked up this morning at Namugongo Martyrs shrine according to traders. The...

Here is why the Faras Uganda is the Ultimate Convenience Mobility App for Every Ugandan

Kampala, Uganda – In a fast-paced world where time is increasingly precious, Ugandans are...

Museveni Inaugurates De Heus State Of The Art Fish Feed Factory In Njeru, Buikwe

Njeru, Jinja: De Heus Animal Nutrition, a global leader in animal feed solutions, has...