Egypt accounts for 1/3 of Russia trade exchange with Africa

Russian President Vladimir Putin told President Abdel Fattah al-Sisi that Egypt accounts for one-third of Russia’s trade exchange with the African continent, this came on Wednesday in St. Petersburg ahead of the second edition Russia-Africa Summit.

Putin emphasised the importance of continued bilateral collaboration between the two nations, especially in the promising field of energy. He also praised the great progress achieved over the past years in the relations between the two countries.

“We are always positive on all initiatives, including from your side, concerning bilateral cooperation and interaction on the African continent,” the Egyptian president added.

al-Sisi was arrived in St. Petersburg on Wednesday, 26 July, to participate in the second edition of the Russia-Africa summit, set to commence the following day, with the participation of 49 African nations.