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Russia s Financial Strategy for Africa

Russia s Financial Strategy for Africa By Kester Kenn Klomegah || Contributor LISTEN JAN 22, 2021 In order to raise its geopolitical influence, Russia has been making efforts identifying mega infrastructure projects such as nuclear power and energy, natural resources exploration and talks consistently about increasing trade with Africa. On the other hand, Russia primarily needs to work on a coordinated mechanism for financing these corporate policy initiatives and further push for increased trade with Africa. On November 23, a videoconference organized by Federation Council of Russia, Chamber of Commerce and Industry of Russia and Business Russia Association, focused partly on identifying funding sources for exports, concretizing proposals for increasing exports to Africa and looking at facilitating amendments to the Russian legislation if required to promote exports to the African market.

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