Connect with us

World

Russia Validates Partnership with Republic of Congo

Published

on

Congolese Sassou-Nguesso with Russian Vladimir Putin

By Kestér Kenn Klomegâh

Over the years, Russia and the Republic of Congo have had good bilateral relations and, undoubtedly, there are still prospects for strengthening these relations, especially in the economy and security spheres as underlined during the meeting between Vladimir Putin and Denis Sassou-Nguesso in the Kremlin.

“Our countries have always had friendly relations that have been developing this way for 55 years now. Our trade is growing – by over 60 per cent – although, unfortunately, the numbers in absolute terms are still modest. But, we have good potential in several industries, such as energy, the processing industry and agriculture,” Putin said, welcoming the Congolese delegation.

Vladimir Putin held an official meeting with Sassou-Nguesso, in Novo-Ogaryovo near Moscow. With high hopes to raise the relations from the previous visits to Moscow, Sassou-Nguesso during the meeting assertively asked Russia for support and assistance in bringing total peace in central Africa. The Central African countries include the Congo, Democratic Republic of Congo (DRC), Central African Republic, Cameroon and Chad.

“We preside over the International Conference of the Great Lakes Region. We are playing a stabilizing role in Africa that can bring peace to this region. We want to stabilize the situation as a whole. We hope that Russia will act side by side with us to create peace in the African region,” he said.

 With regard to economic cooperation, the Congolese leader briefed Putin about some steps that have already been taken and concretely asked for Russia’s engagement. “You know that in economic terms there was a certain crisis associated with a decrease in oil prices. This crisis affected us, but we are gradually recovering. Now we are negotiating with the IMF on obtaining loans. We are negotiating with the IMF Executive Board and hope to get support for this matter from our Russian friends,” he added.

After the official talks between Putin and Sassou-Nguesso, a package of documents was signed, including intergovernmental agreements on cooperation in the peaceful use of nuclear energy and mass communications. The documents concerning the settlement of the Republic of Congo’s debt to the Russian Federation under previously issued loans, cooperation between the Russian Interior Ministry and the Congolese Ministry of the Interior and Decentralization, cooperation in agriculture, and sending Russian military experts to the Republic of Congo.

In addition, documents on the relations between Lukoil and the State Oil Company of the Republic of Congo as well as between the Pipe Metallurgical Company (TMK) and the National Petroleum Company of Congo were signed.

The Pipe Metallurgical Company (TMK) is Russia’s leading pipe manufacturer. The project is to build a major oil pipeline, running more than 1,300 km from the port city of Pointe-Noire in the Republic of Congo to the border with Cameroon. Leading Russian companies, including LUKOIL and Yandex, operate effectively in the republic. Rosatom plans to launch some large projects. By the way, there is no doubt that trade and economic cooperation has significant growth potential.

Russian Deputy Defense Minister, Alexander Fomin, told journalists that the Republic of Congo has had a lot of Russian-made military and special hardware since the Soviet times, and some of it might yet serve Congo’s defence capability for a long time. Russian specialists will train Congolese specialists and help them repair this hardware.

“This includes armoured and lightly armoured hardware, rocket and conventional artillery, helicopters and so on. This hardware certainly requires professional operation, service, maintenance, repairs and modernization,” Fomin said.

In an interview with Itar-TASS News Agency, Sassou-Nguesso underscored that “Russia is an important country, a strategic partner that may play its role in the period when Africa is looking for cooperation in building a new world in the region, building infrastructure, new economic and security systems. The African people want to develop their economy and establish themselves in the global arena. Russia may hold a strategic position on this issue.”

Earlier, the Chairman of the State Duma, Viacheslav Volodin, held a bilateral meeting with the President of the Republic of Congo, Denis Sassou Nguesso. Volodin told him that “working within the framework of the parliamentary dimension with African countries is a priority for us. It is a pleasure that you have the opportunity to address the members of the State Duma. We would like to know your proposals, which are very important for us, taking into account the necessity to develop more active cooperation within the framework of inter-parliamentary contacts.”

In his address to the State Duma, Sassou-Nguesso reminded them that he had repeatedly been in various statuses in the Soviet Union and now in Russia. “It is a great honour to be in Russia and meet old friends, as these are the prerequisites for the development of bilateral cooperation. Meeting with representatives of the Russian people is symbolic,” said the President of the Republic of Congo.

The Congolese leader proposed to strengthen the mutual strategic partnership between Russia and the Republic of Congo and assist the Congo in the process of diversifying the economy in the interests of the benefit of both countries.

“Today, Russia remains the most important player, a very active player, which undoubtedly participates in global governance in our common family of nations. Russia should continue to strengthen strategic partnership on mutually beneficial terms and assist the Congo in the process of diversifying our economy in the interests and for the benefits of the two countries,” he told the State Duma.

Experts are, of course, concerned about the significance of the visit. In an emailed comment, a South African-based Senior Analyst on BRICS and African policy argued that many African countries, including the Congo, view such official visits as steps to sustain political contacts and as a key instrument for building economic cooperation especially those necessary for attaining the Sustainable Development Goals (SDGs).

He, however, suggested that “existing cooperation agreements between Russia and many African countries have to be implemented with renewed vigour and consistency” alongside other previous pledges that have been made, at least, during the past decade. Given that Russia and Africa have confidence in building new relations on the Soviet past, then there might be the possibility of creating a wider platform, both formal and informal, for collaboration and cooperation.

Last year’s growth in trade was primarily due to boosting Russia’s exports of foodstuffs and agricultural goods to the Republic of Congo. Thus, bilateral trade reached US$38.4 million, according to the Russian Federal Customs Service.

Nearly 80% of the population still live in abject poverty even though the country boasts of huge resources. The Republic of Congo has become the fourth largest oil producer in the Gulf of Guinea, providing the country with a high degree of potential prosperity despite political and economic instability in some areas and unequal distribution of oil revenue nationwide. It has large untapped mineral wealth, and large untapped metal, gold, iron and phosphate deposits. In 2018, the Republic of the Congo joined the Organization of Petroleum Exporting Countries.

World

Russia Renews Africa’s Strategic Action Plan

Published

on

Russia Africa's Strategic Action Plan

By Kestér Kenn Klomegâh

At the end of an extensive consultation with African foreign ministers, Russian Foreign Minister, Sergey Lavrov, has emphasized that Moscow would advance its economic engagement across Africa, admittedly outlining obstacles delaying the prompt implementation of several initiatives set forth in Strategic Action Plan (2023-2026) approved in St. Petersburg during the Russia-Africa Summit.

The second Ministerial Conference, by the Russian Foreign Ministry with support from Roscongress Foundation and the Arab Republic of Egypt, marked an important milestone towards raising bilateral investment and economic cooperation.

In Cairo, the capital city of the Arab Republic of Egypt, Lavrov read out the final resolution script, in a full-packed conference hall, and voiced strong confidence that Moscow would achieve its strategic economic goals with Africa, with support from the African Union (AU) and other Regional Economic blocs in the subsequent years. Despite the complexities posed by the Russia-Ukraine crisis, combined with geopolitical conditions inside the African continent, Moscow however reiterated its position to take serious steps in finding pragmatic prospects for mutual cooperation and improve multifaceted relations with Africa, distinctively in the different sectors: in trade, economic and investment spheres, education and culture, humanitarian and other promising areas.

The main event was the plenary session co-chaired by Russian Foreign Minister Sergey Lavrov and Egyptian Minister of Foreign Affairs, Emigration, and Egyptians Abroad Bashar Abdelathi. Welcome messages from Russian President Vladimir Putin and Egyptian President Abdelhak Sisi were read.

And broadly, the meeting participants compared notes on the most pressing issues on the international and Russian-African agendas, with a focus on the full implementation of the Russia-Africa Partnership Forum Action Plan for 2023-2026, approved at the second Russia-Africa Summit in St. Petersburg in 2023.

In addition, on the sidelines of the conference, Lavrov held talks with his African counterparts, and a number of bilateral documents were signed. A thematic event was held with the participation of Russian and African relevant agencies and organizations, aimed at unlocking the potential of trilateral Russia-Egypt-Africa cooperation in trade, economic, and educational spheres.

With changing times, Africa is rapidly becoming one of the key centers of a multipolar world order. It is experiencing a second awakening. Following their long-ago political independence, African countries are increasingly insisting on respect for their sovereignty and their right to independently manage their resources and destiny. Based on these conditions, it was concluded that Moscow begins an effective and comprehensive work on preparing a new three-year Cooperation and Joint Action Plan between Russia and Africa.

Moreover, these important areas of joint practical work are already detailed in the Joint Statement, which was unanimously approved and will serve as an important guideline for future work. According to reports, the Joint Statement reflects the progress of discussions on international and regional issues, as well as matters of global significance.

Following the conference, the Joint Statement adopted reflects shared approaches to addressing challenges and a mutual commitment to strengthening multifaceted cooperation with a view to ensuring high-quality preparation for the third Russia-Africa Summit in 2026.

On December 19-20, the Second Ministerial Conference of the Russia-Africa Partnership Forum was held in Cairo, Egypt. It was held for the first time on the African continent, attended by heads and representatives of the foreign policy ministries of 52 African states and the executive bodies of eight regional integration associations.

Continue Reading

World

TikTok Signs Deal to Avoid US Ban

Published

on

Forex Advice on TikTok

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.

Continue Reading

World

United States, Russia Resolving Trade Issues, Seeking New Business Opportunities

Published

on

Kirill Dmitriev, CEO (RDIF) and Russian Presidents Special Envoy to United States

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.

Continue Reading

Trending