Russia is preparing for the second Russia-Africa summit, scheduled for October-November 2022 in Addis Ababa, Ethiopia, as it steps up its campaign to move closer to the African countries and pivot away from the West.
OEMs have asked manufacturers of cable harnesses to move to safer locations, such as Morocco and Tunisia.
The war in Ukraine has sent prices for food soaring, and they were already high due to the coronavirus pandemic. Even if peace returns tomorrow, prices for grain are likely to remain elevated for the foreseeable future.
The majority of the delegates at a closed session of the EBRD board of governors walked out of the hall when the EBRD’s Russian director Sergey Verkashanskiy insisted on speaking at the annual meeting in Marrakech on May 11.
The war in Ukraine is spilling out to affect the economies of the entire catchment area of the European Bank for Reconstruction and Development, which includes Emerging Europe, Central Asia and North Africa.