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- November 1, 202614°
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- November 1, 202614°
Putin links Russian production investment in Africa to sanctions conditions
Russian President Vladimir Putin said on the second day of the 2026 Russia-Africa Summit in Moscow that Russian companies were interested in establishing production facilities in African countries. Russia’s trade with Africa stood at $27 billion last year, and Putin said the figure could reach $50 billion in the near future.
Vladimir Putin linked the relocation of part of Russian companies’ production to African countries to efforts to overcome the impact of Western sanctions imposed on Russia. Putin said Russian companies were interested in establishing facilities for various production activities in Africa.
Putin made the remarks on the second day of the 2026 Russia-Africa Summit in Moscow. Addressing representatives of 48 African countries, including 22 heads of state, the Russian president said the investments were based on mutual interests and aligned with Russia’s interests under the current conditions.
Putin said numerous sanctions had been imposed on the Russian economy and its companies, adding that investment decisions should be made sovereignly. He also called for investments to be secured and activities to continue independently of political conditions.
Company names not disclosed
The names of the Russian companies planning to establish facilities in Africa were not disclosed. Putin nevertheless argued that Russian companies had sufficiently high investment potential.
Russia’s trade with African countries amounted to $27 billion last year. Regarding the trade volume, which declined by 2.4 percent compared with 2024, Putin said it could reach $50 billion in the near future.
Putin has referred in various statements to the goal of doubling Russia’s trade with African countries since at least 2019. Trade with the African continent accounts for 3.9 percent of Russia’s total foreign trade.
Military and security ties
Russia’s influence in Africa is shaped through military cooperation and security agreements. In Mali, Russian mercenaries have supported the central government, which has been fighting Al-Qaeda-linked militants since 2021.
Analysts believe African countries are using their relations with Russia to balance the influence of the West and China. Russia’s efforts to recruit its citizens to fight in Ukraine are also causing concern.
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