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Thursday, July 18, 2024

Experts to Discuss Logistics Routes between Russia and Africa

THE Russia–Africa Economic and Humanitarian Forum business programme’s look at ‘The New Global Economy’ will kick off on 27 July with a panel discussion on ‘New Russian-African Logistics Routes’.

Speaking at the event are Aide to the President of the Russian Federation and Secretary of the State Council of the Russian Federation Igor Levitin, Acting Head of the Federal Customs Service of the Russian Federation Ruslan Davydov, Chairman of the Board of FESCO Andrey Severilov, President of the Russian Academy of Transport Alexander Misharin, and Chairman of the Board of Novostal-M Ivan Demchenko.

The discussion will be moderated by Chairman of Delovaya Rossiya (Business Russia) Alexey Repik.

Many factors are involved in an increase in trade and economic turnover between Russia and Africa, but central to all is logistics.

Passenger and cargo transportation have a significant impact on the development of co-operation in the widest range of spheres – from tourism to the real economy.

Russian experience creating large-scale multilateral projects is extensive.

One such example is the International North–South Transport Corridor, which involves 12 different nations. Cargo traffic through the INSTC is projected to reach 41 million tonnes by 2030.

Objective prerequisites mean it would be possible for Africa to join this large-scale project.

“A fundamental redistribution of trade flows to the East and South are taking place right now, and the outlook for Africa is good,” Acting Head of the Federal Customs Service of the Russian Federation Ruslan Davydov said.

Participants of the panel discussion will look at problems related to the establishment of logistical routes between Russia and Africa and answer questions about how to build a more efficient system of logistics flows to ensure trade and economic turnover between Russia and Africa continue to grow.

The Second Summit and Russia–Africa Economic and Humanitarian Forum is being organided by the Roscongress Foundation.

Event website: summitafrica.ru

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