COUNTRY PROFILE / RUSSIA

Continent: Europe

Official name: Russian Federation
Nature of the regime: Federal Republic

Head of Federal State: Vladimir Poutine

Area: 17.1 million km2
Cash: Ruble
Population (2021): 146.7 million inhabitants

Capitals: Moscow

Main towns: Saint Petersburg (5.3 M); Novosibirsk (1.6M), Yekaterinburg (1.5M)

Official languages: Russian

• Signing of a Cooperation Agreement between the Chamber of Commerce and Industry of Côte d'Ivoire and the Moscow Chamber of Commerce and Industry on October 23 and 24, 2019 in Sochi;
• Signing of a Memorandum of Understanding between the Ministry attached to the Prime Minister, responsible for the Promotion of Private Investment and All Russia Public Organization “Business-Russia on October 23 and 24, 2019 in Sochi;
• Participation of President Alassane Ouattara in the 1st Russia-Africa Summit in October 2019. This summit also aimed to seek ways and means to strengthen cooperation between Russia and the African continent in the political, economic and cultural fields but also to address the issues regional and global challenges;
• signing of a Memorandum during the visit of HE Marcel AMON-TANOH, Minister of Foreign Affairs, from July 17 to 19, 2019, in Moscow, as part of strengthening cooperation between the Republic of Côte d'Ivoire and the Republic Russian Federal. The areas concerned are, among others: trade, security and stability, education, energy, industry, the fight against terrorism;
• Granting of state scholarships by the Russian Government

• A. Main Cote d’Ivoire exports to Russia : processed cocoa, processed wood and miscellaneous products.
• B. Main Imports of Cote d’Ivoire from Russia : fish, vegetable or animal fats and oils, petroleum products, pharmaceuticals, fertilizers, paper and board and road transport equipment

Cote d’Ivoire -Russia trade flows (Value in millions of CFAF)

Sources : Customs statistic/ MCI– DRE

Sources : Customs statistic/ MCI– DRE

• The value of bilateral trade reached 182.6 billion FCFA in 2021, compared to 133.428 billion FCFA in 2020.
• Over the period 2018-2022, the average value of Ivorian exports is estimated at 5.564 billion FCFA/year compared to 101.8 billion FCFA/year for imports.
• Over this period, the trade balance is in deficit for Côte d'Ivoire.