Russia-Africa trade has major potential – Putin

Russia’s trade with African nations is growing based on mutual trust and goodwill, President Vladimir Putin has said in an article released ahead of the Russia-Africa Summit in St. Petersburg. 

The second Russia-Africa Summit is scheduled for July 27-28 and takes place alongside the Economic and Humanitarian Forum, which is expected to provide a platform for business meetings and panel sessions.

“I would like to note with satisfaction that Russia’s trade turnover with African countries increased in 2022 and reached almost $18 billion,” Putin wrote in the article, which was published on the Kremlin website on Monday. “However, we are all well aware that the potential of our trade and economic partnership is much higher.” 

According to Putin, Russian companies are interested in working more actively on the continent in a variety of areas, including technology, geological exploration, and the energy industry. The Russian leader also cited the chemical industry, mining,…

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