# Russia, Africa establish payment channels, with 85% of transactions in rubles

https://mins.news/en/item/120525

- TASS, 2026-10-29 10:24 UTC
- Economy
- Original: https://tass.com/economy/2210075

> At the Russia-Africa summit, Vladimir Putin said Russia had established uninterrupted mutual-settlement channels with African countries, with the ruble accounting for 85% of Russian-African commercial transactions. He said the channels support economic and investment ties and help shield exchanges from external influence.

## Related coverage

- [Does Russia offer African countries an equal partnership?](https://mins.news/en/item/121461) — Al Jazeera, 2026-10-29
- [Russia-Africa Summit: What are African nations gaining from closer ties with Moscow?](https://mins.news/en/video/119943) — Al Jazeera English, 2026-10-28
- [Russia in Africa: What is Putin hoping to achieve?](https://mins.news/en/item/118807) — DW, 2026-10-28