No decision yet on return of Russian business to Libya

Libya’s National Transitional Council (NTC) is to inspect all international contracts concluded under Muammar Gaddafi, the TNC’s transport and communications minister told RIA Novosti on Tuesday.

“The issue of a return to work for Russian companies in Libya is still being considered…All former contracts are currently being checked for transparency,” minister Anwar Faituri said.

A number of Russian companies did business in Libya before the stat of NATO operations. Among them were Russian Railways, which was to build a 550-km railway, and Gazprom Neft. Russia also supplied weapons to Libya.

Faituri also noted that Russia’s decision not to recognize the NTC could have a negative effect on its business opportunities in post-Gaddafi Libya.

“The political aspect will naturally be taken into consideration when making a decision, but we will respect all deals concluded legally. No mater who they were with,” he said.

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