The expansion of maritime logistics is necessary to cater for growing trade, according to the customs service
Expanding transport links between Russia and Africa is among the priorities for the development of mutual trade, the Russian Federal Customs Service said on Thursday.
According to the service’s interim head, Ruslan Davydov, up to 95% of trade between Russia and its main partners in Africa is by sea, meaning an expansion and streamlining of maritime logistics is necessary to cater for the growing trade.
“Logistics is one of the key elements, because the distances are long, the goods are heavy and bulky, certain expertise is required,” Davydov told RT at the Russia-Africa summit in St. Petersburg.
The share of African nations in Russia’s foreign trade rose by 30% in the first half of this year compared to the same period in 2022, the official added.
Five countries account for 60% of trade turnover between Russia and Africa, namely Egypt,…
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