Putin Says Russian Firms Eye Manufacturing Expansion Across Africa

President Vladimir Putin announced Thursday that Russian companies are interested in opening manufacturing plants across Africa to circumvent Western sanctions, speaking at the 2026 Russia-Africa summit in Moscow. Putin told representatives from 48 African nations, including 22 heads of state, that relocating production operations would serve mutual interests, though he did not name specific firms. He emphasized that investments would remain safe regardless of political conditions. Russian trade with Africa totaled $27 billion last year, down 2.4% from 2024, and Putin expressed confidence it could double to $50 billion soon. Russia's African influence is largely built on military cooperation, including mercenary support in Mali since 2021.