Russia’s economic engagement with Africa is narrow and targeted. It focuses on energy, mining, nuclear power development, and arms sales, with deals often tied to political or security arrangements. Although it boasts multibillion-dollar contracts in the mining and energy sectors, and has signed nuclear cooperation agreements with Egypt and Nigeria Russia's overall economic weight in Africa is paltry. According to 2024 figures, Moscow’s trade with African states totals some $25-30 billion, smaller even than Ukraine’s ($41 billion) and far behind China and the US. Russia barely registers as a provider of foreign direct investment, and arms sales, where the Kremlin once led, have seriously eroded since 2020, dropping Russia to the second-largest supplier to sub- Saharan Africa, behind China. [38] [39]
// RUSSIA AND CHINA IN AFRICA Delphi Global Research Center
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