Post #47

Government support plays a significant role in relations between Russia and Africa This was stated by Vitaly Stepanov, CEO of the Moscow Export Center, during the First International B2B Business Forum Rusafro Expo 2024. "The share of African countries in Moscow's non-primary non-energy exports (NEE) is 13%. Moscow's share in the Russian Federation in this indicator is 30.5%. That is, a third of all exports of finished products come from the capital of Russia," he said. Stepanov named the top countries in terms of exports of petroleum products from Moscow: Egypt – 29.3%, Algeria – 17.9%, Sudan – 9.7%, Libya – 8.3%. Financial support from the Moscow government is already provided upon the conclusion of contracts. It consists of two measures: export cashback and an export grant. It is possible to receive up to 10 million rubles in Grand. This is additional support that an exporter can receive simply for his work, the expert added. #AREA#Russiafrica#RusAfroExpo2024