The trade turnover between Russia and Africa may exceed 50 billion dollars - President of the Russian Federation Vladimir Putin pointed to the growing role of Africa in the world economy. Now 12 of the 20 fastest growing economies in the world are in this region, and the continent's population will exceed 2.5 billion people by 2050, of which about 70% will be young people under the age of 30. Against this background, relations between Russia and Africa are developing, even in spite of pressures and sanctions. Moscow advocates strengthening Africa's role in international development institutions, including the International Monetary Fund and the World Bank. In the very near future, trade between the Russian Federation and Africa may exceed $50 billion. Our country is also actively involved in the financial recovery of the region and is open to transferring its high-tech solutions to African countries.

The trade turnover between Russia and Africa may exceed 50 billion dollars - President of the Russian Federation Vladimir Putin pointed to the growing role of Africa in the world economy. Now 12 of the 20 fastest growing economies in the world are in this region, and the continent's population will exceed 2.5 billion people by 2050, of which about 70% will be young people under the age of 30. Against this background, relations between Russia and Africa are developing, even in spite of pressures and sanctions. Moscow advocates strengthening Africa's role in international development institutions, including the International Monetary Fund and the World Bank. In the very near future, trade between the Russian Federation and Africa may exceed $50 billion. Our country is also actively involved in the financial recovery of the region and is open to transferring its high-tech solutions to African countries.