The Russian leader also called on the countries to more intensively apply the practice of settlements in national currencies, as this would secure the economies of the two countries.
“Of course, it is important to work together to expand the practice of settlements between our countries in national currencies, which will make it possible to secure countertrade from the influence of third countries and the negative situation in the world currency markets,” Putin stressed.
“Algeria is a key partner for us in the Arab world and Africa. Russian-Algerian relations are truly constructive and mutually beneficial, based on respect and consideration of each other’s interests, and continue to develop steadily in a spirit of friendship and mutual support,” Putin said.
“Looking ahead, we will be glad to see you in St. Petersburg at the end of July for the second Russia-Africa summit,” Putin remarked.
“I would like to mention separately that this year can really be described as a special one for the development of Russia’s relations with the African continent. Our contacts with African countries are as intense as ever,” the Russian head of state said.