Putin says Russian firms may move some production to Africa

Russian President Vladimir Putin announced at the Russia-Africa summit that Russian companies are interested in relocating some production facilities to Africa, citing mutual benefits and alignment with Russian interests amid sanctions. Putin emphasized that African decisions should remain sovereign and investments protected, while noting Russia-Africa trade has grown 1.5 times since 2022 to over $27 billion. He also stressed Russian businesses increase local raw material processing, creating jobs and tax revenues. Russia has developed state support for building warehouse, logistics, assembly, and service infrastructure in African countries. Putin additionally invited African airlines to start flights to Russia to boost tourism.