Russia aims to double trade with Africa in 5 years: Putin

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

South Africa Headlines News

President Vladimir Putin said Wednesday that Russia would aim to double trade with Africa over the next five years, at the opening of a summit aimed at reviving Moscow's ties with the continent.

"We currently export to Africa $25 billion worth of food -- which is more than we export in arms, at $15 billion. In the next four to five years I think we should be able to double this trade, at least," he told African leaders at the Black Sea resort of Sochi.Putin said the current level of trade between Moscow and the continent was"not enough".

"African countries are attracting ever more attention from Russian businesses," the president added, highlighting a number of major Russian companies that were already working on the continent. Dozens of African leaders are in Sochi for the first Russia-Africa Summit, as Moscow seeks greater influence on a continent where the West and China have a firm foothold.

The two-day event will see more than 3,000 delegates prepare deals and discuss topics from nuclear technology to mineral extraction.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hillary Clinton must be feeling agitated right now. KILLUMINATI VivaRevolution

Meaning they will sell us more weapons.

A rising tide will raise all boats.

Does that mean more AKs?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Putin hosts Russia-Africa Summit in effort to boost trade with continent | IOL NewsRussian President Vladimir Putin on Wednesday began a summit with African leaders in Sochi as his country looks to double trade with the continent in five years. RussiaAfricaSummit
Source: IOL - 🏆 46. / 51 Read more »

Ramaphosa leads delegation to Russia-Africa Summit | IOL NewsPresident Cyril Ramaphosa is leading South Africa's delegation to the first Russia-Africa Summit which will be held in Russian ... Bet you Putin takes him out So basically we're left with no one as the acting president! Thank goodness ZS-OAK has been repossessed, Comair and SAA grounded so this time we hope Inkwazi passed all IAA Safety regulations and ready to fly😂😂😂😂😂😂
Source: IOL - 🏆 46. / 51 Read more »

Africa needs busy engineers not just busy lawyers | IOL NewsIt's hard for a country to progress when its busiest professionals are lawyers and politicians, not engineers. SA have way to many politicians, lawyers and spokespersons.
Source: IOL - 🏆 46. / 51 Read more »

South Africa experiences a decline in tourismThe number of tourists from most of the top 10 countries visiting SA declined in August compared to a year ago. You think people are gonna tour a country filled with darkness 🤨 New dawn I could have told you that. I'm at the 'sharp end of tourism'. Tourism has become very quiet, compared to previous years.. crime, uncertainty about safety, xenophobia, stupid comments by politicians, stupid birth certificate rules ( now remedied, but too late) all play a part!
Source: eNCA - 🏆 49. / 51 Read more »

Health Spas Guide - South Africa - spas, hydros and wellness centresGET EXCLUSIVE BENEFITS WITH THE CITIZEN PREMIUM! As a Premium member, you will receive a R100 coupon to use when you buy a voucher to the value of R250 or more. Members will receive one coupon per month. To join visit
Source: TheCitizen_News - 🏆 6. / 75 Read more »

India beat South Africa to clinch Test seriesIndia beat South Africa in the third Test to sweep the series 3-0 in Ranchi on Tuesday. Chokers hahahaha useless waste of money
Source: eNCA - 🏆 49. / 51 Read more »