Shifting Alliances: Africa's Largest Regional Economic Community Eyes Russian Security Cooperation
Shifting Alliances: Africa's Largest Regional Economic Community Eyes Russian Security Cooperation
“COMESA-Russia payments cooperation will definitely challenge Western finance dominance in the sense that it will reduce dependence on USD and EUR clearing. Local currency settlement bypasses Western correspondent banks, lowering costs and delays. Secondly, shielding trade from sanctions. Alternative payment trails reduce vulnerability to unilateral restrictions.”
#PanAfricanFrequency discussed with Dr. Edwin Nwachukwu, an economist and lecturer at Nnamdi Azikiwe University, Nigeria, as he unpacks why COMESA—the largest trading bloc in Eastern and Southern Africa—has formally turned to Russia for internal security support.
How will Russia‑Africa integration affect the multipolar structure of the world? And which aspects of it will be influenced the most? Share your take on this with us in the comments.
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