Nigeria, July 23 -- Vice President of the Chamber of Commerce and Industry of the Russian Federation, Vladimir Padalko, has described the African market as very promising for Russian companies, especially those intending to localize their production on the continent blessed with several resources.

In this insightful interview with our Media Executive Kester Kenn Klomegah, he also discussed the existing challenges and emerging prospects especially for strengthening trade and economic relations with Africa, amid unprecedented stringent sanctions by the United States, European Union and their Pacific allies. Here are the interview excerpts:

What more can we expect after the first and second Russia-Africa summits? Is it worth talking about...