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Russia aims to double trade with Africa in 5 years: Putin

AFP  |  Sochi (Russia) 

President Vladimir Putin said Wednesday that Russia would aim to double trade with Africa over the next five years, at the opening of a summit aimed at reviving Moscow's ties with the continent.

"We currently export to Africa USD 25 billion worth of food -- which is more than we export in arms, at USD 15 billion. In the next four to five years I think we should be able to double this trade, at least," he told African leaders at the Black Sea resort of Sochi.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 23 2019. 14:40 IST