Putin and Ramaphosa Discuss Trade and Economic Relations
Bilateral Talks on the Sidelines of BRICS Summit
President Vladimir Putin held bilateral talks with his South African counterpart Cyril Ramaphosa on Tuesday, on the sidelines of the BRICS summit of emerging economies.
Collaboration Opportunities
Putin hailed trade and economic relations between the two nations, adding that they can collaborate in areas including energy, agriculture, industry and science.
“Trade and economic relations between Russia and South Africa are generally at a good level. After a slight decline, trade turnover has begun to grow again, with growth amounting to three percent in January-August of this year,” Putin said.
’’Of course, there is something we can work on together in terms of increasing and diversifying mutual trade and investment. Promising areas of cooperation include energy, industry, agriculture, science and innovation,” he added.
Praise and Appreciation
Ramaphosa also praised the relationship, stating, ”We continue to see Russia as a valued ally, as a valued friend, who supported us right from the beginning, from the days of our struggle against apartheid right through to now.”
BRICS Summit Details
More than 20 leaders will attend the summit, defying expectations that the war in Ukraine, Western sanctions, and an arrest warrant would isolate Vladimir Putin on the world stage. It will last until October 24th.
Conclusion
In conclusion, the talks between Putin and Ramaphosa underscore the importance of strengthening trade and economic relations between Russia and South Africa, with a focus on collaborative opportunities in energy, agriculture, industry, science, and innovation.
FAQs
* What was discussed during the talks between Putin and Ramaphosa?
* The leaders discussed trade and economic relations, with a focus on collaboration in areas including energy, agriculture, industry, science, and innovation.
* How has trade turnover between Russia and South Africa changed?
* Trade turnover has begun to grow again, with growth amounting to three percent in January-August of this year, after a slight decline.
* What is the significance of the BRICS summit?
* The summit is a meeting of leaders from emerging economies, which includes Russia, South Africa, and other countries. It is significant as it defies expectations that the war in Ukraine, Western sanctions, and an arrest warrant would isolate Vladimir Putin on the world stage.