World
Russia-African Relations in the Context of Geopolitical Changes
By Kester Kenn Klomegah
Russia needs to go beyond its traditional rhetoric of Soviet assistance rendered to Africa. It is important now to highlight concrete success stories and policy achievements, at least, during the past decade in Africa. The young generation and the middle class aged between 25 and 45 that make up the bulk of the 1.3 population hardly see the broad positive impact of Russia’s economic cooperation with Africa.
Russia plans to hold the second Russia-Africa summit later this year. Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, indicated in a mid-June message that “in these difficult and crucial times the strategic partnership with Africa has become a priority of Russia’s foreign policy. Russia highly appreciates the readiness of Africans to further step up economic cooperation.”
Lavrov said: “It is in the interests of our people to work together to preserve and expand mutually beneficial trade and investment ties under these new conditions. It is important to facilitate the mutual access of Russian and African economic operators to each other’s markets and encourage their participation in large-scale infrastructure projects. The signed agreements and the results will be consolidated at the forthcoming second Russia-Africa summit.”
The above statement arguably offers some implications especially discussing this question of relationship-building. Lavrov has aptly asserted that within the “emerging and sustainable polycentric architecture of the world order” relations with Africa are still a priority, but Russians always close their eyes to the fact that the country’s foreign policy in Africa has largely failed to pronounce itself, in practical terms, as evidenced by the countable forays into Africa by Russian officials.
The Soviet Union was quite extensively engaged with Africa, comparatively. Russians have only been criticizing other foreign players during the past two decades without showing any model of building relationships. Its foreign policy goals are directed simply at sustaining the passion for signing several MoUs and bilateral agreements with African countries.
During the past years, there have been several symbolic meetings of bilateral intergovernmental commissions both in Moscow and in Africa. The first historic summit discussed broadly the priorities and further identified opportunities for collaboration. It, however, requires understanding the tasks and the emerging challenges. The current functions should concretely focus on actionable strategies towards enhancing the effective implementation of existing bilateral agreements, taking practical collaborated actions leading to goal-driven results. Nevertheless, Lavrov hopes “the signed agreements and the results will be consolidated at the forthcoming second Russia-Africa summit.”
Still, Russia plays very little role in Africa’s infrastructure, agriculture and industry, and especially making efforts to leverage the African Continental Free Trade Area (AfCFTA). While, given its global status, it ought to be active in Africa as Western Europe, the European Union, America and China are, it is all but absent, playing a negligible role, according to Professor Gerrit Olivier at the Department of Political Sciences, University of Pretoria, and former South African Ambassador to the Russian Federation.
Researchers have been making tangible contributions to the development of African studies in Russia. This Moscow-based Africa Institute has a huge pack of research materials useful for designing an African agenda.
In an interview, Professor Vladimir Shubin at the Institute for African Studies, Russian Academy of Sciences reiterated that Russia is not doing enough to communicate to the broad sectors of the public, particularly in Africa, true information about its domestic and foreign policies as well as the accomplishments of Russia’s economy, science and technology to form a positive perception of Russia within the context of the current global changes of the 21st century.
As to Russia’s involvement, it has undoubtedly a vast experience in the development of projects in Africa accumulated during Soviet times, the building of power stations and dams and creating technical training institutes. What is lacking nowadays is its ability to provide large investments, according to Shubin, “but Russian expertise and technology can still be used while carrying out internationally-financed projects in Africa.”
As to the failures, perhaps, we have to point to the lack of deep knowledge of African conditions, especially at the initial stage of the involvement which sometimes resulted in suggesting (or agreeing to) unrealistic projects, But there are good prospects for reactivating diversified cooperation, he explained.
Chronological analysis shows that Russia’s politics toward Africa under President Boris Yeltsin (1991-2001) was described as a lost decade, both in internal and external affairs, including relations with Africa.
Historical documents further show that after the Soviet collapse, there were approximately 380 projects throughout Africa. In the early 1990s, Russia swiftly exited, closed several diplomatic offices and abandoned all these and hardly any sign of Soviet-era infrastructure projects there.
Policy statements have indicated strong optimism for raising relations. , however, at least during the past decade, official reports including sparkling speeches at high-level conferences, summits and meetings indicated projects are being implemented in Africa by such leading Russian businesses as Rosneft, Lukoil, Rosgeo, Gazprom, Alrosa, Vi Holding, GPB Global Resources and Renova.
Nevertheless, it is so common to reiterate that Russia has always been on Africa’s side in the fight against colonialism. The frequency of reminding again and again about Soviet assistance, that was offered more than 60 years ago, will not facilitate the expected beneficial trade and investment ties under these new conditions. The United Nations declared Africa fully independent in 1960, and the Organization of African Unity (OAU) was formed on 25 May 1963 in Addis Ababa, Ethiopia.
Afreximbank President and Chairman of the Board of Directors, Dr Benedict Okey Oramah, says Russian officials “keep reminding us about Soviet-era” but the emotional link has simply not been used in transforming relations.
Oramah said one of Russia’s major advantages was goodwill. He remarked that even young people in Africa knew how Russia helped African people fight for independence. “So an emotional link is there,” he told Inter-Tass News Agency.
The biggest thing that happened in Africa was the establishment of the African Continental Free Trade Area (AfCFTA). That is a huge game-changer, and steps have been made lately in the African countries for creating better conditions for business development and shaping an attractive investment climate.
“Sometimes, it is difficult to understand why the Russians are not taking advantage of it? We have the Chinese, we have the Americans, we have the Germans who are operating projects…That is a very, very promising area,” Oramah said in his interview last year.
Ahead of the Sochi summit 2019, Oramah presented a report to a particular business conference that ran from 18 to 22 June, the same year, and listed spheres for possible cooperation such as finances, energy, mining, railway infrastructure, digital technologies, cybersecurity, healthcare, education, food security in Africa.
That conference saw several agreements signed including between the African Export-Import Bank (Afreximbank) and Sinara-Transport Machines JSC (STM), Transmash Holding JSC, Russian Export Center JSC, Avelar Solar Technology LLC, Chelyabinsk Pipe Plant PJSC, Kolon World Investment, and Opaia SA and the Roscongress Foundation. As far back in 2017, the Russian Export Center became Afreximbank’s third-largest non-African shareholding financial organization shareholder and is expected to contribute to the acceleration of investment, trade, and economic relations between Russia and Africa.
It is interesting to note here that the Russian business community hardly pays attention to the significance of AfCFTA which provides a unique and valuable platform for businesses to access an integrated African market of over 1.3 billion people.
The growing middle class, among other factors, constitutes a huge market potential in Africa. The African continent currently has enormous potential as a market, and some experts say it is the last business frontier.
Many African countries are enacting economic reforms, demand is growing for high-quality, competitive products. Russian businesses are interested in this niche, but Russians are extremely slow. The snail-pace approach reflects their inability to determine financial instruments for supporting trade with and investment in Africa.
Accentuating the importance of multilateral cooperation between Russia and Africa, Advisor to the President of the Russian Federation, Anton Kobyakov, said: “The current situation in the world is such that we are witnesses to the formation of new centres of economic growth in Africa. Competition for African markets is growing accordingly. There is no doubt that Russia’s non-commodity exporters will benefit from cooperating with Africa on manufacturing, technologies, finances, trade, and investment.”
Kobyakov further pointed to modern Russia, which already has experience of successful cooperation with African countries under its belt, is ready to make an offer to the African continent that will secure mutually beneficial partnership and the joint realization of decades of painstaking work carried out by several generations of Soviet and Russian people.
With its impressive relations, Russia has not pledged publicly concrete funds toward implementing its policy objectives in Africa. Moreover, Russian officials have ignored the fact that Russia’s overall economic engagement is largely staggering, various business agreements signed are still not fulfilled, with many African countries.
Agreements and business negotiations resulted in 92 agreements, contracts and memoranda of understanding. Summit documents say a total of RUB 1.004 trillion (($12.5 billion) worth of agreements were signed at that highly-praised historic summit in October 2019.
Large Russian companies have been unsuccessful with their projects, negatively reflecting the real motives for bilateral economic cooperation. There are several examples such as Rosatom in South Africa, Norrick Nickel in Botswana, Ajaokuta Steel Plant in Nigeria, Mining projects in Uganda and Zimbabwe, and Lukoil in Cameroon, Nigeria and Sierra Leone. Currently, Russia is invisible in spheres providing infrastructures in Africa.
Undoubtedly, several Russian companies have largely underperformed in Africa, experts described was primarily due to multiple reasons. Most often, Russian investors strike important investment niches that still require long-term strategies and adequate country study. Grappling with reality, there are many investment challenges including official bureaucracy in Africa.
To ensure business safety and consequently take steps to realize the primary goals, it is necessary to attain some level of understanding of the priorities of the country, investment legislations, compliance with terms of agreement and a careful study of policy changes, particularly when there is a sudden change in government.
What is abundantly clear is how to stimulate African governments into exploring investment opportunities in Russia and also Russian investors in Africa within some framework of cooperation. In order to facilitate both Russian and African economic operators’ access to each other’s markets and encourage their participation in large-scale infrastructure projects must involve taking progressive practical steps toward resolving existing obstacles.
That said, preparations for the second Russia-Africa summit are currently underway. “The Russian side aims to continue preparing the second, as well as subsequent Russian-Africa summits and aims to make them as efficient as possible. The Russian Ministry of Foreign Affairs and other ministries are taking steps to build full and mutually beneficial cooperation between Russia and the African countries, including the formation of a reliable social and economic infrastructure, food and energy security on the continent,” said Oleg Ozerov, Ambassador-at-Large and Head of the Secretariat of the Russia-Africa Partnership Forum.
Worth saying here that African leaders are waiting to cut white ribbons marking the successful completion of Russian-managed something. It is time to shift from rhetoric and move on towards implementing the package of bilateral agreements, especially those involving infrastructure investments, determining financing concrete projects and delivering on decade-old pledges to the people of Africa.
While Russian and African leaders have common positions on the global platform, there is also the need to recognize and appreciate the welfare of the 1.3 billion population, the majority impoverished, in Africa. Significant to suggest that with new horizons of the polycentric world order emerging and steadily unfolding, active engagement of the African youth, civil society leaders and active changemakers in the middle-class in policy efforts becomes necessary.
With the youth’s education, some experts are still critical. Gordey Yastrebov, a Postdoctoral Researcher and Lecturer at the Institute for Sociology and Social Psychology at the University of Cologne (Germany), argues in an email interview discussion that “education can be a tool for geopolitical influence in general, and for changing perceptions specifically, and Russia (just like any other country) could use it for that same purpose. However, Russia isn’t doing anything substantial on this front, at least there is no consistent effort with obvious outcomes that would make me think so. There are no large-scale investment programs in education focusing on this.”
He explains that Russian education can become appealing these days, but given that Russia can no longer boast any significant scientific and technological achievements. Western educational and scientific paradigm embraces cooperation and critical independent thinking, whereas this is not the case with the Russian paradigm, which is becoming more isolationist and authoritarian. Obviously, by now, Africa should look up to more successful examples elsewhere, perhaps in the United States and Europe.
As official Russia’s Ministry of Foreign Affairs website indicated – it is evident that the significant potential of the economic cooperation is far from being exhausted, much remains to be done in creating the conditions necessary for interaction between Russia and Africa. At a meeting of the Ministry’s Collegium, Lavrov unreservedly suggested taking a chapter on the approach and methods adopted by China in Africa, and that was back in 2019.
Now at the crossroad, it could be meandering and longer than expected to make the mark. Russia’s return journey could take another generation to reach its destination, Africa. With the current changing geopolitical world, Russia has been stripped of as a member of many international organizations. As a direct result of Russia’s “special military operation” aims at “demilitarization and denazification” since late February, Russia has come under a raft of sanctions imposed by the United States and Canada, the European Union, Japan, Australia, New Zealand and the host of other countries.
World
TikTok Signs Deal to Avoid US Ban
By Adedapo Adesanya
Social media platform, TikTok’s Chinese owner ByteDance has signed binding agreements with United States and global investors to operate its business in America.
Half of the joint venture will be owned by a group of investors, including Oracle, Silver Lake and the Emirati investment firm MGX, according to a memo sent by chief executive, Mr Shou Zi Chew.
The deal, which is set to close on January 22, 2026 would end years of efforts by the US government to force ByteDance to sell its US operations over national security concerns.
It is in line with a deal unveiled in September, when US President Donald Trump delayed the enforcement of a law that would ban the app unless it was sold.
In the memo, TikTok said the deal will enable “over 170 million Americans to continue discovering a world of endless possibilities as part of a vital global community”.
Under the agreement, ByteDance will retain 19.9 per cent of the business, while Oracle, Silver Lake and Abu Dhabi-based MGX will hold 15 per cent each.
Another 30.1 per cent will be held by affiliates of existing ByteDance investors, according to the memo.
The White House previously said that Oracle, which was co-founded by President Trump’s supporter Larry Ellison, will license TikTok’s recommendation algorithm as part of the deal.
The deal comes after a series of delays.
Business Post reported in April 2024 that the administration of President Joe Biden passed a law to ban the app over national security concerns, unless it was sold.
The law was set to go into effect on January 20, 2025 but was pushed back multiple times by President Trump, while his administration worked out a deal to transfer ownership.
President Trump said in September that he had spoken on the phone to China’s President Xi Jinping, who he said had given the deal the go ahead.
The platform’s future remained unclear after the leaders met face to face in October.
The app’s fate was clouded by ongoing tensions between the two nations on trade and other matters.
World
United States, Russia Resolving Trade Issues, Seeking New Business Opportunities
By Kestér Kenn Klomegâh
Despite the complexities posed by Russia-Ukraine crisis, United States has been taking conscious steps to improve commercial relations with Russia. Unsurprisingly, Russia, on the other hand, is also moving to restore and normalise its diplomacy, negotiating for direct connections of air-routes and passionate permission to return its diplomats back to Washington and New York.
In the latest developments, Kirill Dmitriev, Chief Executive Officer of the Russian Direct Investment Fund (RDIF), has been appointed as Russian President’s Special Envoy to United States. This marked an important milestone towards raising bilateral investment and economic cooperation. Russian President Vladimir Putin tasked him to exclusively promote business dialogue between the two countries, and further to negotiate for the return of U.S. business enterprises. According to authentic reports, United States businesses lost $300+ bn during this Russia-Ukraine crisis, while Russia’s estimated 1,500 diplomats were asked to return to Moscow.
Strategically in late November 2025, the American Chamber of Commerce in Russia (AmCham) has awarded Kirill Dmitriev, praised him for calculated efforts in promoting positive dialogue between the United States and Russia within the framework decreed by President Vladimir Putin. Chief Executive Officer of Russian Direct Investment Fund (RDIF) Kirill Dmitriev is the Special Representative of the Russian President for Economic Cooperation with Foreign Countries. Since his appointment, his primary focus has been on United States.
“Received an American Chamber of Commerce award ‘For leadership in fostering the US-Russia dialogue,’” Dmitriev wrote on his X page, in late November, 2025. According to Dmitriev, more than 150 US companies are currently operating in Russia, with more than 70% of them being present on the Russian market for over 25 years.
In addition, Chamber President Sergey Katyrin and American Chamber of Commerce in Russia (AmCham) President Robert Agee have also been discussing alternatives pathways to raise bilateral business cooperation. Both have held series of meetings throughout this year, indicating the the importance of sustaining relations as previously. Expectedly, the Roscongress Foundation has been offered its platforms during St. Petersburg International Economic (SPIEF) for the American Chamber of Commerce (AmCham).
On December 9, Sergey Katyrin and Robert Agee noted that, despite existing problems and non-economic obstacles, the business communities of Russia and the United States proceed from the necessity of maintaining professional dialogue. Despite the worsening geopolitical conditions, Sergey Katyrin and Robert Agee noted the importance of preserving stable channels of trade and pragmatic prospects for economic cooperation. These will further serve as a stabilizing factor and an instrument for building mutual trust at the level of business circles, industry associations, and the expert community.
The American Chamber of Commerce (AmCham) will be working in the system of the Chamber of Commerce and Industry (CCI) in the Russian Federation, which currently comprises 57,000 legal entities, 130 regional chambers and a combined network of representative offices covering more than 350 points of presence.
According to reports obtained by this article author from the AmCham, promising sectors for Russian-American economic cooperation include healthcare and the medical industry, civil aviation, communications/telecom, natural resource extraction, and energy/energy equipment. The United States and Russia have, more or less, agreed to continue coordinating their work to facilitate the formation of a more favorable environment for Russian and American businesses, reduce risks, and strengthen business ties. Following the American-Russian Dialogue, a joint statement and working documents were adopted.
World
Reviewing the Dynamics of Indian–Russian Business Partnership
By Kestér Kenn Klomegâh
The Executive President of the Indian Business Alliance (IBA), Sammy Manoj Kotwani, discusses the landmark moment in deepening Russian-Indian collaboration. Kotwani explains the groundbreaking insights into President Vladimir Putin’s working visit to India, the emerging opportunities and pathways for future cooperation, especially for the two-sided economic collaboration. Follow Sammy Manoj Kotwani’s discussions here:
Interpretation of the latest development in Russian-Indian relations
From my viewpoint in Moscow, this visit has effectively opened a new operational chapter in what has always been described as a “Special and Privileged Strategic Partnership.” It did not just reaffirm political goodwill; it translated that goodwill into a structured economic roadmap through Programme 2030, a clear target to take bilateral trade to around USD 100 billion by 2030, and concrete sectoral priorities: energy, nuclear cooperation, critical minerals, manufacturing, connectivity, fertilizers, and labour mobility.
On the ground, the business community reads this summit as a strong signal that India and Russia are doubling down on strategic autonomy in a multipolar world order. Both sides are trying to de-risk their supply chains and payment systems from over-dependence on any single centre of power. This is visible in the focus on national currencies, alternative payment mechanisms, and efforts to stabilise Rupee–Ruble trade, alongside discussions on a Free Trade Agreement with the Eurasian Economic Union and the reinforcement of corridors like the INSTC and the Chennai–Vladivostok route.
In short, my interpretation is that this summit has moved the relationship from “politically excellent but structurally imbalanced” towards a more diversified, long-term economic framework in which companies are expected to co-produce, co-innovate, and invest, not just trade opportunistically.
Significance of the visit for Indian business in Russia and for the Indian Business Alliance (IBA)
For Indian business operating in the Russian Federation, the visit has three immediate effects: confidence, clarity, and continuity. Confidence, because Indian entrepreneurs now see that despite external pressure, New Delhi and Moscow have explicitly committed to deepening economic engagement—especially in energy, fertilizers, defence co-production, nuclear, and critical minerals—rather than quietly scaling it back.
Clarity, because the summit outcomes spell out where the real opportunities lie:
Energy & Petrochemicals: Long-term crude and LNG supply, but also downstream opportunities in refining, petrochemicals, and logistics, where Indian EPC and service companies can participate.
Pharmaceuticals & Medical Devices: Russia’s import substitution drive makes high-quality Indian generics, formulations, and even localized manufacturing extremely relevant.
IT, Digital & AI: There is growing appetite in Russia for Indian IT services, cybersecurity, and digital solutions that are not dependent on Western tech stacks.
Fertilizers, Agro & Food Processing: New joint ventures in fertilizers and agriculture supply chains were explicitly flagged during and around the summit, which is important for both food security and farm incomes.
Continuity, because the Programme 2030 framework and the expected EAEU FTA give businesses a medium-term policy horizon. Tariff reductions, improved market access and predictable regulation are precisely what Indian SMEs and mid-sized companies need to justify long-term investments in Russia.
For the Indian Business Alliance (IBA), this inevitably means more work and more responsibility. We already see increased incoming requests from Indian firms—from large listed companies to first-time exporters—asking very practical questions: Which Russian region should we enter? How do we navigate compliance under the sanctions environment? Which banks are still handling Rupee–Ruble or third-currency settlements? How can we structure joint ventures to align with Russia’s import substitution goals while protecting IP and governance standards?
IBA’s role, therefore, becomes that of economic diplomacy in action: translating high-level summit language into actual B2B meetings, sectoral delegations, regional partnerships, and deal-making platforms such as the India–Russia Business Dialogue in Moscow. This visit will undoubtedly stimulate and intensify IBA’s work as a bridge between the two ecosystems.
India’s current economic presence in the Russian Federation
If we look beyond the headline trade figures, India’s economic presence in Russia today is significant, but not yet commensurate with its potential. Bilateral trade has grown sharply since 2022, largely on the back of discounted Russian oil and coal, making India one of Russia’s top energy customers. However, the structure is still heavily skewed: Russian exports to India dominate, while Indian exports and investments in Russia remain relatively modest and under-diversified.
On the ground in Moscow and across the regions, we see several strong Indian footholds:
Pharmaceuticals: Indian pharma is well-established, respected for its affordability and quality, and poised to deepen localization in line with Russian import substitution policy.
Tea, Coffee, Spices & Food: Traditional segments with deep historical roots, now expanding into ready-to-eat, wellness, and ethnic food categories.
IT & Services: Still under-represented, but with growing interest as Russian entities look for non-Western software, integration, and outsourcing partners.
Diamonds, Textiles, Apparel, and Light Engineering: Present but fragmented, with enormous room to scale, especially if logistics and payment challenges are addressed.
Where India is still behind is on-the-ground investment and manufacturing presence compared to countries like China. Russian policymakers today are clearly favouring investors who help them achieve technological sovereignty and local value addition. For serious Indian companies willing to commit capital, adapt to Russian standards, and accept the complexities of the current environment, this is a period of unusual opportunity. For purely transactional players looking for quick arbitrage, it is becoming progressively harder.
So, I would characterise India’s economic presence as: strategically important, quickly growing in value, but still under-leveraged in terms of depth, diversification, and localization.
Geopolitical pressure from Washington and future predictions
Pressure from Washington—through sanctions, secondary sanctions risk, financial restrictions, and now even tariff measures linked to India’s energy purchases from Russia—is undoubtedly a real and continuing challenge. It affects everything from shipping insurance and dollar transactions to technology transfers and the risk appetite of global banks. In practical terms, it can complicate even a simple India–Russia trade deal if it touches a sanctioned bank, vessel, or technology.
However, my own assessment, based on 35 years of living and working in Russia, is that this pressure will not fundamentally derail India–Russia friendship, but it will reshape how the relationship functions. India’s foreign policy is anchored in strategic autonomy; it seeks strong ties with the United States and Europe, but not at the cost of abandoning a time-tested partner like Russia. Russia, for its part, sees India as a crucial Asian pole in an emerging multipolar world order and as a long-term market, technology partner, and political counterpart in forums like BRICS, SCO, and the G20.
Looking ahead, I see a few clear trends:
Normalization of alternative payment and logistics systems
We will see more institutionalised use of national currencies, alternative messaging systems, regional banks outside the direct sanctions line, and maybe even digital currencies for specific corridors. Rupee–Ruble trade mechanisms that are today seen as “workarounds” will gradually become part of the normal infrastructure of bilateral commerce.
Shift from pure trade to co-production and joint innovation
To reduce vulnerability to sanctions, both sides will push for manufacturing in India and Russia rather than simple exports: defence co-development, localized pharma and medical devices, high-tech and AI collaborations, and joint ventures in critical minerals and clean energy.
Greater role for regions and business associations
Regional governments in Russia (Far East, Arctic regions, industrial hubs) and Indian states will increasingly drive project-level cooperation, supported by platforms like IBA. This “bottom-up” economic diplomacy will make the relationship more resilient than if it relied only on central governments.
Managed balancing by India
India will continue to deepen technology and investment ties with the West while maintaining energy, defence and strategic cooperation with Russia. The challenge will be to manage U.S. and EU expectations without compromising its core national interests. My prediction is that India will stay firm on this course of balanced engagement, even if it means occasional friction with Washington.
In essence, external pressure may complicate the methods of Indo-Russian cooperation, but it is unlikely to overturn the foundations of trust, mutual interest, and long-term complementarity that have been built over decades.
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