Rouble accounts for 85% of Russia-Africa settlements
By the AFREEQUE newsroom, based on Mali Actu
Russia has opened eight embassies in Africa since 2023, bringing its network to 48 missions, while the rouble accounts for up to 85% of bilateral settlements. Russian fertiliser deliveries have also risen from 1.5 million to more than 2.2 million tonnes, according to the assessment presented by Vladimir Putin at the Russia-Africa summit in Moscow.
The rouble now accounts for up to 85% of settlements in bilateral transactions between Russia and African countries, Russian President Vladimir Putin said at the third Russia-Africa summit in Moscow, according to Mali Actu.
Since the previous summit, held in St Petersburg in 2023, Russia has opened eight additional embassies, bringing the number of its diplomatic missions to 48. Botswana, the Seychelles and Togo, for their part, plan to open permanent missions in Moscow. Six Russian economic missions now cover 16 African countries.
Russian mineral fertiliser deliveries to Africa have risen from 1.5 million to more than 2.2 million tonnes, reports Mali Actu. Putin also proposed transferring industrial production units to the continent, saying that these projects would respect the sovereignty of the governments concerned.
These announcements form part of the Russia-Africa cooperation plan until 2029 and the Moscow declaration on areas of cooperation, both published on 30 October 2026.
