Association For Strategic Culture and Research Foundation

Africa is of natural interest to the leading political forces operating on the world stage. It has a huge territory, more than a billion people and natural resources, which, according to various estimates, make up 30-40% of all mineral reserves of the planet. At the same time, the level of development of the continent itself, at least in the last five hundred years, is significantly lower than the level of development of the surrounding European and Asian countries.

Financing projects in Africa is one of the important keys and, at the same time, the most difficult issue for major Russian companies attempting to expand to Africa, and the financial instruments at their disposal are insufficient according to Anna Belyaeva, Executive Director of the Association of Economic Cooperation with African States.

In order to raise the economic influence, Russians have been making efforts to identify a structured finance mechanism for mega infrastructure projects such as nuclear power and energy, natural resources exploration and to significantly increase trade with Africa