Key Drivers for Russian-African Trade

by Daniel Workman,Research Analyst at
A mere 2.3 percent of Russia’s total US$343.9 billion worth of exports flowed into Africa during 2015, according to International Trade Centre statistics. Similarly, the Russian Federation bought just 1.3 percent of its worldwide imports from Africa. Yet it would be a mistake to assume that African nations present an insignificant market devoid of opportunities for economic growth. Quite the contrary, trade opportunities between the so-called “dark continent” and Russia appear to be poised to shine. That’s because while overall...
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