Russian businesses mull trading, investing in Guyana


Russian businesses have expressed interest in trading and investing in Guyana, according to Russian Ambassador to Guyana Nikolay Smirnov, the Georgetown Chamber of Commerce & Industry (GCCI) said in a press release.

During a courtesy call on GCCI President Komal Ramnauth on July 5, the ambassador was reported to have said that Russian businesses have shown particular interest in the areas of oil exploration, gold mining, Linden-Lethem road modernization, development of hydropower and aquaculture sectors, supplies of passenger hovercrafts, boats, air traffic control and navigation systems in Guyana.

The release stated also that Ramnauth pledged GCCI’s support in seeking to develop economic ties with Russia, adding that the Georgetown Chamber will be happy to collaborate with the Chamber of Commerce and Industry of Russia to promote trade activities.

Meanwhile, in the coming months the chamber will be exploring ways of advancing  Russian-Guyanese cooperation and providing access to information to the local business community on opportunities in Russia and vice versa.

Over the past year, GCCI has been seeking to improve trade with French Guiana, Suriname, Indonesia and even the United States, among others, having discussions with the various Embassies and Chambers of Commerce, the release concluded.

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