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Libya to honor Russian contracts - PM

News | 02.11.2011 | 08:40
 

 

The Libyan government recognizes all the business contracts signed with Russia as well as all international political agreements, Libya’s new Prime Minister Abdel-Rahim al-Keeb said on Tuesday.

The National Transitional Council, Libya’s interim government, elected Keeb, an electronics engineer from Tripoli, as prime minister on Monday.

“We respect all contracts signed with Russia and other countries,” he said in an interview with the newspaper Moskovskie Novosti.

“We are simply duty bound to do that. We also recognize all the previous international political agreements.”

He underscored that economic contracts will only be deemed unlawful if they involved graft or corruption schemes.

“The Libyan people cannot shoulder such expenses as well. We know that there were contracts with the old regime where kickbacks account for up to 40 percent and even half the sum in question,” he said.

“I’m sure that this approach is unacceptable to the Russians, too.”

 
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OUR COLUMNIST
    Natalia MEDEN

Germany: The Parties Trial of Strength

The North Rhine-Westphalia elections continued a series of failures of Christian Democratic Union / Christian Social Union at local elections that actually started since the last Bundestag election in September 2009. The loss of votes by the Christian Democrats each time regional elections take place has become a steady tendency... the election result can be considered as a proof of discontent caused by austerity budget that the government of Angela Merkel advocates...

16.05.2012
 
 
 
 
 
 
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