TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

Joint bank proposal: The shocking wake-up call for western financial monopolies

Michael Mahanta by Michael Mahanta
March 27, 2023
in Africa, Geopolitics
Joint Russia-Africa Bank
Share on FacebookShare on X

Joint Russia-Africa Bank: Well, it looks like Russia is giving the West a run for its money in the race for African influence! President Putin seems to have a crystal ball predicting Africa’s rise as a leader in the multipolar world, and he’s not wasting any time building strong partnerships with African nations. The West better step up their game, or they’ll be left in the dust as Russia takes the lead in Africa.

Joint Russia-Africa Bank

Despite the West’s best efforts to counter Russian influence in Africa, it has failed to achieve its objectives as African countries are unwilling to shun Russia. Russia is also going to hold the Russia-Africa summit in July 2023, and before this, many declarations of cooperation are likely to be made, much to the dismay of the US.   

Also Read

Russia’s Putin and North Korea’s Kim to Attend China Military Parade: Display of Power?

EU Leaders Macron, Merz and Tusk Paraded Moldova to Ensure the Victory of Pro-Western President Ahead of Crucial Elections. What Will be Moscow’s Move?

A silver coin featuring Putin’s portrait, German magazine lists it at $87, Mystery behind symbol of Resilience and Controversy explained 

(Source: BBC News)

In this regard, Burkina Faso has proposed the creation of a joint Russia-Africa bank to facilitate financial transactions and promote trade. The country assured the US that it has no intention of inviting Russian Wagner, but it plans to take its ties with Russia to a whole new level.     

Read More: US sends heavyweight diplomatic duo to battle Russia for African influence 

The Speaker of the Transitional Legislative Assembly, Ousmane Bougouma, said that Burkina Faso should explore the possibility of creating a Joint Russia-Africa Bank with a branch in Burkina Faso. He also added that it would be “useful” for mutual trade and investment. In January, the Prime Minister of Burkina Faso proposed setting up a joint committee to boost trade and economic relations with Moscow.

(Source: Radio Free Europe)

Despite the US officials’ frequent trips to Africa to counter Russia, the continent is further cementing its ties with Russia. If the proposal of a joint Russia-Africa bank materializes, it will be yet another blow to Western interests in Africa.

Read More: Russia is about to unleash its wrath on Western puppets in Central Africa

https://www.youtube.com/shorts/TvEFHZgID9w

Tags: BURKINA FASOPutinRussiaRussia-Africa BankRussia-Africa SummitUS
ShareTweetSend
Michael Mahanta

Michael Mahanta

Columnist, TFI Media. Creating art through my articles.

Also Read

Russia’s Putin and North Korea’s Kim to Attend China Military Parade: Display of Power?

Russia’s Putin and North Korea’s Kim to Attend China Military Parade: Display of Power?

August 28, 2025
Trump’s Advisor Peter Navarro Declared Ukraine ‘MODI’S WAR’ and ‘Road to Peace Runs Through New Delhi’

Trump’s Advisor Peter Navarro Declared Ukraine ‘MODI’S WAR’ and ‘Road to Peace Runs Through New Delhi’

August 28, 2025
Venezuela Seeks UN Support Against the ‘US Military Threats’. What’s Trump’s Next Move?

Venezuela Seeks UN Support Against the ‘US Military Threats’. What’s Trump’s Next Move?

August 27, 2025
Nuclear Threat to the US? Secret Missile ICBM Base Discovered in North Korea that can hit to American Mainland- Reports 

Nuclear Threat to the US? Secret Missile ICBM Base Discovered in North Korea that can hit to American Mainland- Reports 

August 27, 2025
Trump’s Special Envoy Steve Witkoff says ‘Putin Wants to End the War; There’s a Peace Proposal on the Table’. Will Zeleneskyy and EU Agree?

‘Putin Wants to End the War; There’s a Peace Proposal on the Table’, Says Trump’s Special Envoy Steve Witkoff. Will EU and Zelenskyy Agree?

August 27, 2025
US and Russia’s Officials Discussed Energy Deals During Ukraine Peace Talks: Reports

US and Russia’s Officials Discussed Energy Deals During Ukraine Peace Talks: Reports

August 27, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.