AGP Executive Report
Last update: 2 hours agoRussia-Africa Trade: At the Moscow summit, Vladimir Putin said Russia aims to lift trade with Africa from $27 billion to more than $50 billion, expanding grain, fertilizer and technology ties. Moscow is also promoting national-currency settlements and payment networks designed to bypass Western systems. Energy and Commodities: Russian diesel shipments to the US are moving ahead under a sanctions waiver, but the deal faces scrutiny from lawmakers. The World Bank forecasts a 23% rise in global commodity prices this year, with energy up 32%, citing conflict and supply disruptions. Banking Strains: Sberbank’s defaulted assets climbed nearly 20% to 2.7 trillion rubles in the first nine months, as high interest rates weigh on businesses and households. Business Costs: Russia is considering a new airfare levy to fund delayed domestic aircraft production, adding 500 rubles to domestic tickets and 1,000 to international fares from 2027.
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