ST. PETERSBURG: Russia and African countries are considering the possibility of concluding barter transactions in the energy sector, Russian Energy Minister Nikolay Shulginov told TASS on the sidelines of the Russia-Africa summit.
"We are searching for ways, financing mechanisms, we are also considering barter trade," he said.
The second Russia-Africa summit is running at St. Petersburg's Expoforum convention center on July 27-28. An economic and humanitarian forum is running in parallel to the event. Like the previous summit, this one is held under the motto 'For Peace, Security, and Development'.
The Roscongress Foundation is the summit's organizer while TASS is its photo hosting agency and media partner. TASS is also holding the second Russia-Africa Media Forum.
