Riyaz Patel
Russian President Vladimir Putin says the upcoming Russia-Africa Economic Forum provides fertile ground to strengthen economic ties across nations.
“I hope that new areas and forms of cooperation will be outlined during the Forum and promising joint initiatives will be put forward that will help take Russian-African collaboration to a whole new level and develop our economies and the prosperity of our people,” said Putin.
The first Russia–Africa Economic Forum is scheduled for 23–24 October 2019, on the sidelines of the Russia–Africa Summit in the Russian Black Sea resort of Sochi.

Putin specifically highlighted the importance of developing cooperation between countries and the positive experience gained from developing joint projects.
“Russian-African relations, which have traditionally been friendly and partner-like, have intensified significantly in recent years both at the bilateral level and in various multilateral formats.”
Positive trends have been seen in trade turnover numbers and in the investment
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