Russia-Africa trade booming – customs ...News

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Russia-Africa trade booming – customs
Trade turnover exceeded $20 billion over January-November 2023 Russia’s trade with African countries continued to rise in 2023, according to the latest report by the Federal Customs Service (FCS) released this week. Exports to Africa jumped to $19.8 billion in the first 11 months of last year, up from $12.9 billion for the same period of 2022, the report shows. Russian imports from the continent also increased, reaching $3.0 billion, compared with the previous year’s $2.8 billion. This puts overall trade turnover at $22.8 billion, up in year-on-year terms from $15.7 billion. Moscow has been diversifying economic c

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