Media Wire Express Correspondent
Russia’s foreign minister, Sergey Lavrov, addressed the Russia-Africa Partnership Forum, highlighting the significant achievements in trade relations between Russia and Africa, which reached an all-time high last year.
Lavrov stressed that the growth in trade should be just the beginning, urging both regions to realize the untapped potential for even greater economic cooperation, particularly in the areas of turnover and investment.
“Russia and Africa have witnessed an impressive increase in trade volumes, but the real opportunity lies in expanding beyond this achievement,” Lavrov stated.
He pointed out that both sides must now focus on creating the right conditions for sustained economic growth, especially in sectors like energy, infrastructure, agriculture, and technology.
Lavrov’s remarks come at a time when African countries are seeking new and diversified partners for development, with Russia positioning itself as an alternative to traditional Western trade relationships.
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He called for deeper collaboration, emphasizing the need for both public and private sector investments to stimulate long-term economic growth on the continent.
The minister also reiterated Russia’s commitment to supporting African nations in overcoming challenges, including sanctions and trade barriers, which have sometimes hindered trade and investment.
He outlined several initiatives aimed at facilitating smoother economic exchanges, including the strengthening of bilateral agreements and expanding trade infrastructure.
Lavrov’s comments were welcomed by many African leaders at the forum, who acknowledged the growing significance of Russia’s role in the continent’s development.
With Africa’s rapidly expanding markets and Russia’s expertise in various industries, the potential for mutually beneficial partnerships remains high.
The Russia-Africa Partnership Forum is a key event in fostering closer ties between the two regions, and it is expected that further agreements and initiatives will be discussed in the coming months to realize the full potential of their economic relationship.
