Russia welcomes Islamic finance - September 15, 2013 - It is quite clear why Kazan has been chosen as the hub for Islamic investments. Tatarstan has accumulated considerable experience in international projects and contacts with investors from Muslim countries. Kazan has repeatedly hosted major international events, devoted to Islamic business and finance. Support and widening of investments will be one of the key issues at the upcoming 5th International Economic Summit of Russia and the countries of the OIC, which will be held in the capital of Tatarstan in October of this year. According to the experts, Islamic investors are showing interest in Russia both due to economic and geopolitical factors. Alberto Brugnoni, chairman of the Italian non-profit organization ASSAIF, says: “Muslim investors simply cannot ignore Russia due to its huge size, raw material resources, the size of its Muslim population and its proximity to several strategic Muslim countries in Central Asia.”
Good observation, Joe.
I suspect the tactical consideration for this construction is to provide a place for Saudi group oil revenues to be placed in competition with the US-Western European, IMF, Soros group that Russia-China is targeting.
Russia will control the Kazan system rather than the other way around, and there will be a place for Saudi money when the Western Bankster system collapses.
Just as Russia intends to control the petro energy pipelines to Western Europe, they intend to control the banking as well.