Vladimir Padalko, Deputy Chairman of AFROCOM, Vice-President of Russian CCI took part in a meeting organized by the Ministry of Economic Development, and it was about the financial and non-financial support for Russian organizations and companies that desire to have access to African markets.

Mr. Padalko outlined the main measures of such support, which will allow the Russian parties to faster adapt in foreign markets, despite the sanctions imposed by Western countries.

Participants of the meeting stressed the need to develop special lending and insurance programs, as well as the importance of the use of other financial products in foreign trade with African partners.

Presented as effective measures to expand the network of trade missions in Africa, the idea of creating trade representative offices on the ground is a must do.

The idea of creating Russia-Africa trading house was supported, which is scheduled to be done with the direct participation of AFROCOM.

The proposals of the CCI RF prepared for the meeting were fully accepted by the Ministry.

Source