Russia to Export Mutton and Goat Meat to Qatar

PHOTO by Valery Sharifulin / TASS

Qatar has agreed on import of Russian meat products and first supplies might be delivered this year, the TASS news agency reported, citing representatives of the Russian Ministry of the Economic Development.

Qatar officials have inked a total of seven certificates for import of Russian mutton, goat meat, meat raw materials, canned food, sausage, poultry meat, eggs, egg powder and other products, the agency reported.

The Deputy Head of the Ministry’s International Cooperation Department Maxim Markovich has not specified the volumes of export, noting that it will depend on the market conditions and ambitions of companies.

The two countries are also considering joint projects worth about $12 billion in total, according to Alexander Novak, the chairman of the Russian-Qatar intergovernmental commission and the head of the Russian Ministry of Energy.

“As of today, $1.2 billion is invested in specific projects. Projects worth about $12 billion are currently under consideration,” Novak said, as the press service of the Ministry reported.

Novak added that a working group will be set up to monitor the implementation of contracts under the intergovernmental agreement between the two countries.

According to him, the trade turnover between Russia and Qatar has almost doubled compared to 2015.

“Our aim is not only the development of trade turnover, but also joint investments in projects in Russia and Qatar,” the minister stressed.

In January this year, Qatar Investment Authority, or QIA, announced plans on investing $2 billion in Russian projects. Before that, in December last year, QIA in a consortium with the Swiss trader Glencore purchased 19,5% of Russia’s Rosneft assets.