The state flag of Zimbabwe
the authorities of the two countries agreed to jointly oppose those who try to harm their economy
the authorities of Russia and Zimbabwe are going to join forces in the fight superimposed with the US and EU sanctions. The decision was taken at a meeting of the intergovernmental commission on economic cooperation, held in the capital of Zimbabwe, Harare.
«In addition to expressions of solidarity in condemning the sanctions, we must, in particular through the mechanism of the Intergovernmental Commission, to combine our efforts to prevent damage for our economies, cause who would like the authors of these unjustified and immoral actions, “- said the Minister of foreign Affairs of Zimbabwe Simbarashe Mumbengegwi (by Tass quoted)
The Zimbabwean Minister also thanked Russia for its support to Zimbabwe in 2008, when imposed. Russia and China veto it possible to block the adoption of the United Nations Security Council prepared by the US project to introduce against Zimbabwe global sanctions.
«We are grateful to the Russian Federation for the support and solidarity shown in 2008, when a Russian veto in the Security Council save Zimbabwe from the international sanctions that would destroy our country “, – said Mumbengegwi
In turn, head of the Industry and Trade Ministry of Russia Denis Manturov called for the complete abolition of the sanctions imposed on Zimbabwe by the US authorities and the European Union, calling unacceptable” practice. Western countries of unilateral application of the restriction in relation to sovereign states. »
The Russian minister said that in 2015 the trade turnover between Russia and Zimbabwe increased by 7.5%, amounting to a total of $ 45.4 million. The increase It was mainly due to growth in imports of agricultural products from Zimbabwe. However Manturov sure of imminent to “a new level of investment and economic cooperation”, since Russia has a lot of things that “Zimbabwe today buys or would like to buy on the world market».
In August 2008, the permanent representative of Russia to the UN Vitaly Churkin, explaining Russia’s decision to veto a draft Security Council resolution calling for a series of sanctions against Zimbabwe (financial sanctions, closing of borders for a number of senior officials, ban on the sale of arms to Zimbabwe, etc.) prepared by the United States call document «extremist».
However, Russia’s veto did not help Zimbabwe. In August 2008, the country has carried out the denomination in which 10 billion old Zimbabwe dollars were exchanged for a new one. However, in October the same year, the local rate of the dollar fell again, according to official statistics, inflation for the year was 231 million percent, according to unofficial – kvinkvatrigintillionov 6.5 percent. Reserve Bank of Zimbabwe had to release into circulation banknotes nominal value of 100 trillion (later the bank was awarded Ignobelevskoy Prize in Mathematics), but the situation is getting worse, and in 2009 the Zimbabwean dollar has ceased to exist, and all monetary revaluations have been translated into foreign currency. Russia to this so far away.
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