The third Russia-Africa Summit concluded in October 29 in Moscow with a final declaration deepening strategic cooperation and a 2027-2029 action plan, as Vladimir Putin framed the partnership as a pillar of a multipolar world free from neocolonial practices.
The 3rd Russia-Africa Summit concluded on October 29 at the Kremlin, where the plenary session approved the final declaration, a specific agreement on artificial intelligence, and the action plan that will govern the 2027-2029 period, presenting the A7 platform as a sovereign alternative to Western banking.
These documents set out the agreed roadmap for expanding cooperation between Moscow and African states while advancing what both sides describe as a fairer international system. A world order free from hegemonies ultimately summarizes the goal declared by the parties.
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The final declaration consolidates what the Kremlin describes as steady progress toward a just international system, while the separate statement on artificial intelligence opens a new technological front in the partnership.
Alongside the summit, the Economic and Humanitarian Forum also took place, serving as a platform to deepen bilateral exchange. According to participants, the forum sought a joint response to financial pressures and coercive measures imposed by Western countries.
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Multipolar Order Takes Shape
Addressing the plenary session, Vladimir Putin stated that bilateral relations rest on a shared history of friendship, which he described as the foundation for a global architecture with multiple centers of power and no double standards. In this sense, the Russian President reaffirmed his country’s commitment to international law, the Charter of the United Nations (UN), and the sovereignty of African nations, which he argued is essential for strengthening their economies and social sectors.
The model currently promoted by Moscow combines technology transfer with sovereign investment. Through this approach, the parties reaffirm their rejection of resource exploitation and their commitment to stronger cooperation across the Global South.
Putin insisted that the Russian business model breaks sharply with the extractivism practiced throughout history by the imperial powers of the collective West. “Their approach is the exact opposite. Far from extracting profits in the manner of the colonial practices once employed by former imperial powers, they reinvest their earnings in the development of their national economies,” the Russian leader said.
This combination of technology transfer and sovereign investment, he argued, underpins the rejection of resource plunder and moves forward the integration of the Global South on more equal terms.
🇷🇺🌍 Putin Pushes for $50B+ Russia–Africa Trade and Alternatives to Western Finance
At the Russia–Africa summit in Moscow, Putin called for doubling bilateral trade, expanding payments in national currencies and sharing Russian technology in energy, AI, agriculture and… pic.twitter.com/JJ8ZaU53v3
— Think BRICS (@RealBRICSnews) October 29, 2026
Sovereign Payment Alternative
Russian President Putin underscored the operational efficiency of the A7 platform, explaining that conversions between currencies, digital ones included, are processed instantly, slashing the costs, delays and financial intermediation that have long made Global South trade more expensive.
“Digital currencies are developing all over the world, both in the United States and here in Russia, but why can’t the African continent connect to this high-tech system?” he asked the international delegates. His answer was unequivocal. “This system is sovereign as well. It is not tied to anyone or anything, and nobody is going to block it,” he stressed.
⚡️Russia showcases payment systems operating beyond Western control
Finance Minister #Siluanov highlighted Russian company A7, which is preparing to offer cross-border payment services in #Africa, with transactions processed “in one click” for a fee of just 0.3% pic.twitter.com/xFlbWGK15b
— Russian Embassy in South Africa 🇷🇺 (@EmbassyofRussia) October 29, 2026
Created in the wake of the Western financial measures introduced in 2022, the A7 platform now processes around 2,000 transactions per day on average. It is being presented to African countries as a mechanism for selling raw materials, purchasing industrial inputs, financing infrastructure projects, and importing food using their own currencies, without relying on Western banking systems or their associated conditions and transaction costs.
The action plan running through 2029 supplies the framework for converting the summit’s pledges into concrete mechanisms over the next three years, consolidating what both parties describe as movement toward a just international system.
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