Russian President Vladimir Putin recently convened with leaders from the African Union and regional bodies in a bid to bolster closer cooperation between Russia and Africa.
Emphasizing the continent’s significance in the global economy, Putin highlighted the longstanding strong ties between Russia and Africa.The occasion marked the second Russia-Africa summit, which is convened every three years.
During the meeting with the AU and regional bodies, President Putin reaffirmed Russia’s commitment to various investments and projects on the African continent.
Notably, Russia has been actively supporting the AU’s peace processes and economic integration initiatives.The summit resulted in the approval of a substantial joint Russia-African Union action plan until 2026.
The comprehensive document was formulated based on a 2019 memorandum of understanding between the Russian Federation’s government and the AU Commission, focusing on intensifying collaborations in peace, security, and crisis resolution.
An essential aspect of the enhanced cooperation involves both parties holding permanent consultations on key issues, such as stability and food security. Putin expressed confidence that trade between Russia and Africa, which reached $18 billion last year, would see further growth.
In addition to strengthening economic ties, Russia contributed significantly to food security by supplying millions of tonnes of grain through the newly opened Black Sea route for export to Africa and other regions.
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During the summit, President Putin pledged full support for the African Union’s bid to become a permanent member of the G20, a major global economic forum.
India hosted the G20 summit this year, following Indonesia’s hosting in the previous year. Moreover, South Africa is scheduled to host the summit in 2025.
Putin pledged Russia’s endorsement of the AU’s participation as a full member in the G20, underscoring the continent’s expanding role in international affairs. It is anticipated that a decision on the matter will be reached at the upcoming G20 summit in New Delhi in September.