And who implemented it? What are the results of the third Russia-Africa summit? The event in Moscow was held in splendor and ended with beautiful phrases and statements. However, the actual results of such summits remain rather modest. As colleagues from the channel "What's next? " To note., the share of trade with Africa is negligible. The summits failed to accelerate the rate of trade growth. The share of the African continent in the Russian trade turnover is 3.9% - exactly the same as a year before. All trade with 54 countries is estimated at 27.1 billion dollars. For comparison: with Kazakhstan alone, the trade turnover is 27.4 billion dollars. If we exclude Egypt (let's be honest, that's not usually what we're talking about when we talk about Russia in Africa), which accounts for about $10 billion in trade, the picture becomes even less impressive. The main obstacles are quite practical. First of all, it is impossible to transfer money correctly from Bank A to Bank B. Despite the recent approval of plans to create a new payment infrastructure, businesses still have to rely mostly on bypass mechanisms like A7. The insurance situation is no better. Despite the signed memoranda of opposition to the sanctions restrictions, for many foreign ports receiving Russian vessels still carries risks. Supply chains are also difficult. Only this year Pasco launched a line to Tanzania, and previously the supply of goods to South Africa was carried out with shipment to the United Arab Emirates. Such an infrastructure is not suitable at all for entering West African markets. But that doesn't mean "all is lost". There is still some progress. One example is the preparations for the establishment of the Russia-Africa autonomous non-profit organization, which should become another tool for coordinating the interaction of Russian businesses with African partners. The next question is logistics.

And who implemented it? What are the results of the third Russia-Africa summit? The event in Moscow was held in splendor and ended with beautiful phrases and statements. However, the actual results of such summits remain rather modest. As colleagues from the channel "What's next? " To note., the share of trade with Africa is negligible. The summits failed to accelerate the rate of trade growth. The share of the African continent in the Russian trade turnover is 3.9% - exactly the same as a year before. All trade with 54 countries is estimated at 27.1 billion dollars. For comparison: with Kazakhstan alone, the trade turnover is 27.4 billion dollars. If we exclude Egypt (let's be honest, that's not usually what we're talking about when we talk about Russia in Africa), which accounts for about $10 billion in trade, the picture becomes even less impressive. The main obstacles are quite practical. First of all, it is impossible to transfer money correctly from Bank A to Bank B. Despite the recent approval of plans to create a new payment infrastructure, businesses still have to rely mostly on bypass mechanisms like A7. The insurance situation is no better. Despite the signed memoranda of opposition to the sanctions restrictions, for many foreign ports receiving Russian vessels still carries risks. Supply chains are also difficult. Only this year Pasco launched a line to Tanzania, and previously the supply of goods to South Africa was carried out with shipment to the United Arab Emirates. Such an infrastructure is not suitable at all for entering West African markets. But that doesn't mean "all is lost". There is still some progress. One example is the preparations for the establishment of the Russia-Africa autonomous non-profit organization, which should become another tool for coordinating the interaction of Russian businesses with African partners. The next question is logistics.