Russia is increasing its trade with Africa, especially in military exports, with a 35% rise in trade turnover highlighted by President Vladimir Putin. The goal is to double trade with African nations to $40 billion within five years, with Egypt leading as Russia’s top trading partner in Africa. In 2023, Russia’s exports to African countries surged by 43%, reaching $21.2 billion, with a focus on arms exports.
Rosoboronexport, Russia’s primary arms exporter, is aiming to deepen engagement in Africa with joint ventures for military equipment production. The company currently works with over 40 African nations in military-technical collaboration. Meanwhile, Russia’s growing influence in Sub-Saharan Africa has seen it surpass China as the leading arms seller in the region.
Despite these advancements, Russia’s economic promises to Africa have faced challenges, hindering African exporters from entering the Russian market. To strengthen economic ties, Foreign Minister Sergey Lavrov plans a conference while opening trade missions in African countries for business services.
Looking ahead, Russia could capitalize on Africa’s growing economies by diversifying trade beyond weaponry and military hardware, focusing on sectors like agriculture and oil and gas. By taking strategic actions and improving trade incentives, Russia has the opportunity to enhance economic relations and drive foreign policies in a multipolar world.