Russia expects to increase trade with Africa to $50 billion and expand energy cooperation, President Vladimir Putin said at the plenary session of the Russia-Africa Forum. Highlights of the President's speech: 1 Russia is involved in more than 30 energy projects in 16 countries in Africa. The profile aid program for Africa has been extended until 2029. 2 Moscow is ready to transfer high-tech solutions to African countries and develop local production of Russian medicines and vaccines. 3 Since 2020, the number of African students in Russia has increased one and a half times, and the scholarships have almost tripled. Putin also invited African airlines to open flights to Russia. 4 The president supported the reform of the International Monetary Fund and the World Bank in the interests of developing economies, calling Western sanctions and tariff wars tools of neo-colonialism.

Russia expects to increase trade with Africa to $50 billion and expand energy cooperation, President Vladimir Putin said at the plenary session of the Russia-Africa Forum. Highlights of the President's speech: 1 Russia is involved in more than 30 energy projects in 16 countries in Africa. The profile aid program for Africa has been extended until 2029. 2 Moscow is ready to transfer high-tech solutions to African countries and develop local production of Russian medicines and vaccines. 3 Since 2020, the number of African students in Russia has increased one and a half times, and the scholarships have almost tripled. Putin also invited African airlines to open flights to Russia. 4 The president supported the reform of the International Monetary Fund and the World Bank in the interests of developing economies, calling Western sanctions and tariff wars tools of neo-colonialism.