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Babakov stated the need to create investment banks Deputy Chairman of the State Duma Alexander Babakov said that when supplying equipment to Africa, there is a problem associated with the Western banks and funds that will never finance the African continent in these areas. "We believe that it is necessary to organize investment and clearing banks adjusted by the standards of the Bank of Russia. The formation of a new currency, even in electronic form, with the still disputed provision of this currency, will allow accumulating so-called soft currencies so that this new financial system can export capital to primarily African countries," he said at a "Strategic session on legislative support for economic cooperation with countries Africa in the energy sector", which was held in the State Duma. #Africa#Russia#energy#StateDuma