Mozambique–Russia relations In 2015, Rosneft was awarded three licenses to extract natural gas near the Rovuma basin, in partnership with Exxon Mobil. Mozambique–Russia relations Mozambique–Russia relations () date back to the 1960s, when Russia began to support the struggle of Mozambique's Marxist-oriented FRELIMO party against Portuguese colonialism. Most leaders of the FRELIMO were trained in Moscow. Diplomatic relations were formally established on 25 June 1975, soon after Mozambique gained its independence from Portugal. In June 2007, both Russia and Mozambique signed an agreement on economic cooperation. Russia has an embassy in Maputo while Mozambique has an embassy in Moscow, Russia. During a
Bank of Mozambique Bank of Mozambique The Bank of Mozambique () is the central bank of Mozambique. The bank does not function as a commercial bank, and has the responsibility of governing the monetary policies of the country. The president of the Republic appoints the governor. The bank is situated in the capital, Maputo, and has two branches, one in Beira and one in Nampula. The Bank of Mozambique is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. Most of Mozambique was a Portuguese overseas territory for several centuries. After independence in 1975, the newly