Putin stated that trade between Russia and African nations is increasing every year and will reach almost $18 billion in 2022 while speaking at an international parliamentary conference titled “Russia-Africa in a Multipolar World.”.
We know that this is far from the limit, but it is unlikely that such a figure can fully suit us, he continued.
Putin added that he thought that “new transport and logistics chains will be established, and a more vigorous transition in financial settlements to national currencies will facilitate the development of counter-commodity exchanges. “.
He continued, “.
“The creation of the African Continental Free Trade Area (AfCFTA), which started in 2021 and will eventually become a continental market with a total GDP of more than $3 trillion, has created additional opportunities. “.
He added that Russia supports developing relations with the AfCFTA both through the Eurasian Economic Union and bilaterally, and that Africa will become one of the major players in the multipolar world.
“The states of Africa are steadily gaining influence and importance in global affairs, and they are making more and more confident claims in both politics and the economy. In the upcoming new multipolar world order, Africa will undoubtedly take the lead, we are confident, Putin continued.
According to him, the neo-colonial ideology is opposed by Russia as well as nations in Asia, Latin America, and Africa.
He declared, “Countries like Russia and Africa uphold moral standards and social norms that have long been held by our peoples and reject neo-colonial ideology that is imposed from without. “Many countries in Asia, the Middle East, and Latin America hold similar views, and together we constitute the majority of nations in the world. “.
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