Assessment of The Macroeconomic Situation in The Countries of North Africa And the Prospects for The Region’s Interaction with The Russian Federation

BUDARINA N.A., SHAFIEV P.M., AGAPOVA A.V., TATAYEVA I.Y. and BLUDOVA S.N.

Russian Customs Academy, Russia

Abstract

Today Africa is the world leader in terms of consumption growth. Agriculture, chemical industry and agro-technologies, oil refining and extractive industries, energy and peaceful nuclear technologies are rapidly developing on the continent. Most countries are interested in the development of infrastructure, the demand for cars and special equipment is growing.

Russia is ready to act as a partner for all African countries in a number of areas. These include projects for the supply of the latest Russian equipment for metallurgical and mining enterprises, the development of a transport and logistics system – including not only the supply of rolling stock for railways, aircraft and helicopters of various classes and purposes, but also control and safety systems for the respective modes of transport. In addition, Russia is interested in participating in the creation of energy infrastructure in the countries of the African region – oil and gas and generating capacities, including hydro and nuclear energy, ensuring food security, as well as developing a health care system and drug supply.

Keywords: North Africa, Cooperation, Export, Import
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