Africa: Russia-Africa Trade Exceeds U.S.$27b
[New Era] Moscow -- Trade between Russia and African countries exceeded US$27 billion last year, Russian Foreign Ministry spokesperson Maria Zakharova has said, as Moscow seeks to expand economic cooperation with the continent.
Russian Foreign Ministry spokesperson Maria Zakharova announced that trade between Russia and African countries surpassed US$27 billion in the past year. Addressing the Russia-Africa Media Forum in Moscow ahead of the upcoming summit, Zakharova emphasized Russia's commitment to strengthening economic cooperation with Africa. The 22 heads of state participating in the 3rd Russia-Africa Summit, scheduled for October 28 and 29, include President Netumbo Nandi-Ndaitwah of Namibia.
Russia views Africa as a key partner and aims to expand cooperation in trade, investment, food security, energy, infrastructure, education, and digital technology. Notable trading partners include Egypt, Algeria, Morocco, Tunisia, and Nigeria. Russia has supplied Africa with significant quantities of grain and mineral fertilizers, with food security remaining a crucial area of focus.
The summit will delve into trade, investment, food security, energy, digital technology, artificial intelligence, and independent payment systems, with over 2,000 participants expected to attend.
Written by urgent.news from AllAfrica's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
