Russian business to invest in Afghanistan


KABUL (TCA) — A delegation of 20 Russian businessmen visited Afghanistan on October 30 to discuss investment opportunities and said they want to invest in the agricultural, transportation and manufacturing sectors in the country, TOLOnews reported.

Officials from the Russian Chamber of Commerce and Industry said despite the current problems and insecurity in Afghanistan, Russian businessmen are ready to invest in the country.

“This time a large number of Russian businessmen visited Kabul to investigate opportunities to start companies in this country and most of the businessmen are interested in transport, agriculture and manufacturing plants in this country,” said Dmitry Antonov, the chairman of Russia’s chamber of commerce and industry.

In addition, Antonov said Russians have already invested in the field of construction and manufacturing in Afghanistan, but they also want to invest in the areas of electricity production, railways, and road construction.

“Establishing a home trade for Afghanistan and Russia will provide a platform for the development of trade and investment between the two countries and we are trying to increase our efforts in this regard,” said Atiqullah Nasrat, the Chief Executive Officer of Afghanistan Chamber of Commerce and Industry (ACCI).

Currently Russia’s investment in Afghanistan is nominal but the trade volume between Afghanistan and Russia is around $200 million USD a year.

Officials at ACCI said trade between Afghanistan and Russia will increase as trade and transit relations improve between Central Asian countries and Russia.

Sergey Kwan