Trade between Russia and Namibia experienced a significant 41% decline last year, mainly attributed to geopolitical tension. Minister of Trade and Industrialization, Lucia Iipumbu, revealed efforts to enhance bilateral relations in sectors like agriculture, mining, and healthcare. During a plenary session at the Russia-Africa summit, Russian President Vladimir Putin expressed readiness to share agricultural expertise and advanced technologies with African countries, including Namibia.
Meanwhile, UNAM economics lecturer, Dr. Omu Kakujaha-Matundu says Russia remains an important player on the global stage.
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