Can Russia compete with the US, China and the EU in Africa?
Summary
Russia is expanding its military presence and business outreach in Africa, and President Vladimir Putin has pledged to raise trade with the continent to more than $50 billion. But Russia’s past trade targets have gone unmet, and its total trade with Africa remains lower than its trade with Belarus.Key Facts
- Putin made the trade pledge at a summit in Moscow.
- Russia aims to nearly double trade with Africa to more than $50 billion.
- Russia promotes grain, weapons, nuclear plants, and factories as areas for cooperation.
- Russian forces are present in several African countries, while Russian businesses have a smaller footprint.
- Russia trades less with all of Africa than it does with Belarus.
- Western sanctions have increased Moscow’s need for partners.
- African leaders want a larger share of the wealth generated by their countries’ resources.
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