During a discussion titled "Russia's Return to Africa: Interests, Challenges, Prospects", on December 19, 2018, at the Valdai Discussion Club, the participants noted there was a new wave of Russian interest in Africa, repeating the scenario of the previous surge in activity 10 years ago when Russian businessmen massively attempted to integrate into Africa's economy. However, as Andrey Maslov
noted, most of these projects failed largely due to the expectation of quick profits without a long-term outlook.
However, the situation has changed. Today, according to Andrey Maslov, Africa is gradually and consistently gaining economic independence. The role of indigenous investors is growing steadily, they are becoming the key players in African economies and ready for the dialogue with Russian business and state. Russia must bet on African independence, rendering all sorts of support to African nations in building their own sovereign economies and infrastructure.
Besides, economic interest should not go unmentioned. According to the Russia-Africa: Shared Vision 2030 report, in 2014-2017, Africa was the only region in the world that recorded significant growth in Russian exports – $5.4 billion in absolute terms and 58% in relative terms. This included $4.8 billion (+66%) exports to North Africa and $0.5 billion (+27%) to Sub-Saharan Africa.