Business

A transition to national currencies in settling accounts would further boost economic ties between Russia and Africa, President Putin says 

The future BRICS payment system will replace SWIFT in a new “non-Western world,” the chairman of AFROCOM has told RT 

Policy mistakes made by the West since the Covid pandemic are the cause of the current global food and energy problems, says Vladimir Putin

Zambia is looking to Russia for help in achieving technological sovereignty and economic prosperity, MP Chanda Katotobwe has said

Russian President Vladimir Putin says African nations have had billions of dollars in debt written off by the Kremlin

Russia will continue supplying grain to African nations despite Western sanctions, President Putin has pledged

Ukraine has received $1.5 billion in aid from the World Bank, the country’s Finance Ministry says

Alternative payment mechanisms in mutual trade will be discussed at the Russia-Africa summit, said VTB CEO Andrey Kostin

Global grain prices could jump by up to 15% after Russia quit the Black Sea grain deal, Bloomberg reported, citing the IMF chief economist

The Japanese government is set to expand its ban on Russian imports, citing the ongoing conflict in Ukraine

The European Central Bank has continued raising interest rates despite concerns of a recession in the Eurozone

The International North-South Transport Corridor could provide Russian goods with a shorter route to Africa, Vladimir Putin says

A Russian industrial zone near Egypt’s Suez Canal should be operational in the near future, President Putin has pledged

Africa’s share in Russia’s foreign trade rose to 3.7% in the first half of 2023, up from 2.3% last year, the Federal Customs Service reports

Zimbabwe’s interested in agriculture imports from Russia and wants Moscow to help modernize its economy, President Mnangagwa says   

Russia will support the bid by 55-state African Union to join the G20 as a permanent member at a meeting in September, Putin says