Russia seeks deeper trade and investment ties with Africa at Moscow summit

The third Russia-Africa Summit was held in Moscow on October 28 and 29, bringing together delegations from 48 African countries and featuring more than 40 events on political, economic, humanitarian and technological cooperation. Vladimir Putin called for political ties to produce tangible economic benefits through expanded trade, investment, infrastructure, manufacturing and technology sharing. Russia’s trade with African countries has reached $27 billion, while Russian investments across the continent are valued at tens of billions of dollars. Moscow also wants to increase imports of African products to create more balanced trade and give African countries a greater role in international value chains.