Russian President Vladimir Putin announced today, Friday, that the participants in the Russia-Africa summit agreed to declare the second summit and adopted a joint action plan until 2026.
President Putin affirmed that "African leaders have expressed their political desire to cooperate with Russia," stressing that Russia and Africa are united on the formation of a just and multipolar world order based on the principles of international law.
Putin said that Russia had agreed with African countries to work in the United Nations Security Council on easing sanctions against African countries.
Russia and Africa agreed to increase trade in quality and quantity, as well as the use of national currencies in commercial transactions, according to the Russian president.
Putin pointed out that Russian companies are open to transferring technology in public administration and the banking sector to African countries.
He also stressed that Russia will continue to supply African countries with grain, whether on a commercial or free basis.
Today, Putin announced that Russia will allocate an additional $90 million to African countries for debt relief, revealing that about $23 billion of African debt owed by Russia has been written off so far.
Moscow held the second Russia-Africa Summit, in addition to the Russian-African Economic Forum, from July 27-28, in the Russian city of St. Petersburg.
The Russia-Africa summit is the main and largest event in Russian-African relations. It aims to achieve "a qualitatively new level of mutually beneficial partnership that meets the challenges of the twenty-first century."
This event calls for "strengthening comprehensive and equal cooperation between Russia and African countries in all its political, security, economic, scientific, technical, cultural and humanitarian dimensions," according to its organizers.
The economic forum held within the framework of the second Russian-African summit is a unique event in Russia's relations with the countries of the African continent, and aims to diversify the forms and areas of Russian-African cooperation, as well as determine the development of these relations in the long term.
It is worth noting that the first Russian-African summit was held in October 2019 in the Russian city of Sochi.
In February, the Wall Street Journal reported that, “With Russia cut off from the European market, North African countries have moved on to become voracious buyers of Russian diesel and other refined oil products.”
The ambassador of special missions in the Russian Ministry of Foreign Affairs, and head of the secretariat of the Russian-African Partnership Forum, Oleg Azorov, had previously stated that his country has many opportunities in the field of oil and gas to develop relations with Africa.
The ambassador for special missions in the Russian Foreign Ministry expressed Moscow's gratitude to African countries for their balanced policy towards Russia.
Azorov had stated that his country is negotiating with many African countries regarding the conversion of trade into national currencies, describing it as a "complex process", which requires decision-making by both the Russian and African regulatory authorities.
It should be noted that the second Russian-African summit will be held today and tomorrow in Petersburg.
Russian President Vladimir Putin's advisor on diplomatic affairs, Yuri Ushakov, said that the Russian president will deliver an "important speech" during the summit in which he presents his vision of Russian-African relations and "the formation of a new world order."
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