Regulators must keep tabs on financial market dynamics—Yuguda

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By Kester Kenn Klomegah

With the concrete aim of further strengthening mutual bilateral parliamentary relations, Federation Council Speaker Valentina Matviyenko led a delegation of Russian senators on a reciprocal visit from May 30 to June 1 in Maputo, Mozambique. The Chairman of the Federation Council delivered speeches to the deputies of the Assembly of the Republic of Mozambique and had a separate meeting with the Russia-Mozambique Parliamentary Friendship League.

Since Soviet times and throughout history, Russia and Mozambique have been considered “trusted and trusted” partners in Africa. “Russia has always provided assistance to Mozambique and continues to do so. We are happy to see your success in economic and social development. We note with satisfaction the steady development of political dialogue,” Matviyenko said during a meeting with the President of the Mozambican Assembly Esperança Bias.

Speaking about the Russian-Ukrainian crisis, she reiterated that Russia is ready to sign agreements to establish peace with Ukraine. “His key term was that Ukraine would remain a non-bloc neutral state, like Austria for example, that it would be a non-nuclear state. Ukraine put forward its own terms. But, unfortunately, those who exercise control external did not allow this agreement to be signed,” she added.

Despite the rising prices of agricultural products, Russia is ready to supply food and fertilizers abroad, but the sanctions have hampered them, according to Matviyenko, explaining that due to the logistics factor, Russia is not unable to supply agricultural fertilizers on time and complete delivery. “The logistics are broken. Russia is not in a position to supply agricultural fertilizers in time and in full to the countries that need them. We are ready to fulfill our duties, but the restrictions imposed prevent us from doing so. Russia is always ready to supply food, wheat and other types of food, but it is impossible to enter ports, etc. “, she said.

Later in the conversation, a number of issues relating to bilateral cooperation in the international arena, the most significant projects of Russian-Mozambican cooperation and the role of parliaments in their implementation were discussed. A number of topics on the African agenda that are important to both countries were also discussed.

She welcomed the dynamic development of interparliamentary relations, the legal basis of which is the protocol on the development of interparliamentary cooperation between the Council of the Federation and the Assembly of the Republic of Mozambique.

“Today we will take another important step towards strengthening the legal framework and signing a full-fledged agreement on inter-parliamentary cooperation between the Council of the Federation and the Assembly of the Republic of Mozambique that responds to modern realities. This will allow us to raise our interparliamentary contacts to a higher level and open up wide prospects for the exchange of experiences in legislative activity,” Matviyenko stressed.

According to the Chairman of the Federation Council, it is necessary to expand the scope and forms of cooperation between the legislators of the two countries and suggested establishing direct contacts between the relevant committees of the parliaments of Russia and Mozambique. To this end, the legislators have proposed the possibility of improving the legal framework of bilateral relations.

The meeting discussed in depth the aspects of legislative activity in the context of the fight against terrorism and the laundering of illegally acquired money, as well as cooperation in the fields of trade, economy and investment , with the conviction that not only large but also medium and small companies have good opportunities to strengthen economic ties.

The topic of digital transformation and the introduction of new technologies were discussed. “We are ready to work with our Mozambican colleagues to exchange experiences in these and other areas of the digital agenda,” Matviyenko said.

The President invited the President of the Assembly of the Republic of Mozambique to participate in the next International Economic Forum in Saint Petersburg. As part of the visit, a ceremony was also held to hand over Russian charity aid to Mozambican children. These are children’s sports uniforms, articles for creative work and sweet gifts – because the future of both countries depends on investments in the upbringing and education of children.

The Russian delegation includes Konstantin Kosachev, Deputy Chairman of the Federation Council of the Federal Assembly of the Russian Federation; Grigory Karasin, Chairman of the Federation Council Foreign Affairs Committee; Andrey Kutepov, Chairman of the Federation Council Committee on Economic Policy and Andrey Shevchenko, Chairman of the Federation Council Committee on Federal Structure, Regional Policy, Local Government and Northern Affairs.

The others are Alexander Varfolomeev, first deputy chairman of the Federation Council Committee on Social Policy; Irina Rukavishnikova, First Deputy Chair of the Federation Council Committee on Constitutional Legislation and State Building; Yuri Valyaev, Deputy Chairman of the Federation Council Committee on Defense and Security; Mukarby Ulbashev, Deputy Chairman of the Federation Council Committee on Budget and Financial Markets; and Liudmila Skakovskaya, member of the Federation Council Committee on Science, Education and Culture.

After the bilateral talks, a communiqué was signed between the Federation Council of the Federal Assembly of the Russian Federation and the Assembly of the Republic of Mozambique. This document will lay the foundation for long-term interparliamentary cooperation, foster mutually beneficial relations and develop the full range of bilateral relations. The agreement also reflects plans for the future development of interparliamentary contacts.

According to Esperança Bias, it is gratifying to see that bilateral relations are developing not only in the political field but also in the economic field. She expressed her satisfaction that the Russian countryside could be represented in Mozambique.

“Our relationship goes back to when Mozambique was fighting for independence. Even after our independence, Russia has always been on our side. These relationships are evident in different areas,” Bias pointed out. She thanked Matviyenko and his delegation for their visit to Mozambique, and ultimately described the visit as a sign “Russia is always with Mozambique and Mozambique is always with Russia”.

Reports indicate that Russia is currently preparing for the second Russia-Africa summit, but the dates will be determined in cooperation with the African Union. The first Russia-Africa Summit was held in Sochi on October 23-24, 2019. It was co-chaired by Russian and Egyptian Presidents Vladimir Putin and Abdul Fattah al-Sisi.

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