Economic and Investment Co-operation Will Be the Main Theme of Russia–Africa Summit — Foreign Ministry

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Economic and investment co-operation will be the main theme of the third Russia–Africa Summit, which will be held in Moscow in October. Tatyana Dovgalenko, Director of the Department for Partnership with Africa of the Russian Foreign Ministry, said this, according to an African Initiative correspondent.

SSpeaking during a conference at the Institute for African Studies of the Russian Academy of Sciences dedicated to Africa Day, Dovgalenko noted that African partners had expressed interest in expanding trade, economic and investment partnership with Russia.

“Therefore, the upcoming third summit will focus precisely on economy and investment. This is the so-called material foundation of our relations. It is the barometer that shows how successfully co-operation is developing,” the department director said.

Among the priority topics of the summit, Dovgalenko named digital technologies, artificial intelligence (AI), peaceful nuclear energy and independent payment systems.

Accounting to Dovgalenko,  an action plan for the next three-year period, from 2027 to 2029, will be adopted at the summit.

Earlier in May, Russian Foreign Minister Sergey Lavrov said he expected representatives of the overwhelming majority of countries on the continent to take part in the third Russia–Africa Summit in Moscow on 28–29 October. In late April, presidential spokesman Dmitry Peskov said that the Russia–Africa Summit was a good platform for discussing economic and humanitarian co-operation.

The first Russia–Africa Summit was held in October 2019 in Sochi under the co-chairmanship of Russian President Vladimir Putin and the Chairperson of the African Union, Egyptian President Abdel Fattah el-Sisi. The second summit took place in August 2023 in St Petersburg. (GSF)

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