🔹The 2nd Russia-Africa Summit is taking place in St. Petersburg 🇷🇺 on July 27-28. Of the 49 African nations that sent delegations, 17 are represented by heads of state. The rest of African states' delegations were represented by their vice presidents, heads of gov't, head of parliament. deputy prime ministers, foreign ministers, or ambassadors.

🔹Africa has so far accounted for 3.7% of Russia’s foreign trade 🚢 in 2023, up from 2.3% last year, which represents an increase 📈of about 30%. Russian Minister of Economic Development M. Reshetnikov said growing trade between Russia and Africa will necessitate the use of national currencies, rubles, and the connection of African banks to Russia's SPFS. 🇷🇺 Energy Minister N. Shulginov is negotiating payments for energy supplies in rubles with African countries.

🔹Some of the highlights from the first day include:

🔸Russia and Zimbabwe 🇿🇼 signed an agreement to cooperate in maintaining international information security.
🔸The Russian and Burundian 🇧🇮 gov'ts signed an agreement on cooperation in the use of atomic energy for peaceful purposes.

🔸Russia and Algeria 🇩🇿 have agreed to extend the presence of Russian companies in gas production projects in Algeria.
🔸Press agencies of Algeria 🇩🇿, Namibia 🇳🇦, Zimbabwe 🇿🇼 and the Republic of Congo 🇨🇬 signed cooperation memorandums with Russia's TASS news agency.

🔸Russia will open a new production facility in a special economic zone of Egypt 🇪🇬 as a logistics hub.
🔸 Russia and African countries may develop joint standards for oil 🛢and gas equipment supplied from Russia to the region

🔹African delegations were informed of the details how none of Russia’s conditions under the Black Sea grain 🌾deal were fulfilled.

Day 2 of the Russia-Africa Summit in St. Petersburg. Highlights from the final day:

🔹Economy:

🔸 Russia 🇷🇺 will allocate more than $90 million for lowering the debt burden of African countries, as Moscow have thus far written off a total of $23 billion in African debt.
🔸 Russia and African countries are considering the possibility of concluding barter transactions in the energy sector. Meanwhile African central banks and the Bank of Russia focus on integrating payments using Russia's SPFS.

🔹Energy:

🔸 Rosatom and Ethiopia signed a roadmap for cooperation in the peaceful use of nuclear 🏭 energy. The BRICS Bank NDB is going to finance certain nuclear projects of Rosatom.
🔸 Russia and Mozambique 🇲🇿 signed an agreement on the construction of the Lurio-2 hydroelectric power station 💡 in that African country.
🔸 🇷🇺 Unigreen Energy intends to put into operation a 115 MW solar energy park 🔋 in South Africa in Q1 2024.

🔹 Trade / Humanitarian:

🔸 Six African countries affected by a food crisis will be sent 25,000-50,000 metric tons of grain 🌾 free of charge.
🔸 Russia and African countries agree with the necessity to implement reforms in the WTO ⚖️.
🔸 Russia and the Economic Community of Central African States signed a memorandum of cooperation in the economic and humanitarian spheres.

🔹 Foreign Policy:

🔸 Eritrean 🇪🇷 President Isaias Afwerki said the conflict in Ukraine is a war that the West has declared on Russia, for hegemony and dominance in the entire world.
🔸 President of the Union of the Comoros 🇰🇲, Azali Assoumani, who also heads the African Union is ready to host the next Russia-Africa summit.
🔸 Russia and the Intergovernmental Authority on Development in Eastern Africa signed a memorandum of cooperation in the area of security.

Video source - RT