News
Putin hosts Africa summit
Russian President Vladimir Putin speaks at the Russia-Africa summit in St. Petersburg.
Sputnik/Pavel Bednyakov/Pool via REUTERS
Vladimir Putin welcomed a number of African leaders to his hometown of St. Petersburg on Thursday for the second “Russia-Africa” summit.
In the shadow of the Ukraine war, it’s a more modest affair than the first one in 2019. Forty-three African heads of state made the trip then, but this time the Kremlin only expected 17 to show. While most African states have avoided picking sides in the Ukraine war – an inscrutable, faraway ethnic conflict from their perspective – very few have openly supported Moscow.
Russia is trying to style itself as a better friend to Africa than the old colonial powers of the “West,” but the summit opened against the backdrop of the Kremlin’s decision last week to pull out of the Ukraine grain deal – which had allowed some 33 million tons of Ukrainian grain to be exported to markets across the Global South.
The collapse of the deal immediately caused global wheat prices to rise at least 12% on major exchanges, raising concerns about food security, particularly in East Africa. To assuage those fears, Putin promised Thursday to send up to 50,000 tons of free grain to six especially friendly African countries: Burkina Faso, Zimbabwe, Mali, Somalia, Central African Republic, and Eritrea.
Overall, Russia has sought to be a bigger player in Africa recently. Although its trade with the continent is more than 20 times smaller than China’s or the EU’s, the Kremlin is the leading arms exporter to Africa, and it provides security services to a number of local governments in exchange for Russian access to lucrative mineral resources.
In this episode of GZERO Europe, Carl Bildt considers what the collapse of the joint French-German-Spanish fighter aircraft project means for European defense.
Think you know what's going on around the world? Here's your chance to prove it.
In this episode of GZERO Europe, Carl Bildt reflects on how Russia's war in Ukraine has lasted longer than World War I and the role an underachieving military campaign and international politics have played in putting pressure on Putin.
The ECB raised interest rates for the first time since 2023, becoming the first G7 central bank to act against inflation driven by the war in Iran. With the Bank of Japan poised to follow suit, pressure mounts on the US Federal Reserve to respond.