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

Is Eutelsat the Strategic European Alternative to Starlink?

Putin announces mass production of Oreshnik, why does this hypersonic missile scare the west?

Russia takes on the West at the UN, calls reports of “nuclear Iran” baseless and fake

(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

Is SCO Falling Apart? India Refuses to Sign summit Document, Citing Terrorism Silence

Is SCO Falling Apart? India Refuses to Sign summit Document, Citing Terrorism Silence

June 27, 2025
DNA

Synthetic Human DNA: Medical Breakthrough or Genetic Inequality?

June 27, 2025
Iran and North Korea: Two Pariah States—One Playbook for the future?

Iran and North Korea: Two Pariah States—One Playbook for the future?

June 27, 2025
Putin’s Asia War Plans Leak as China-Taiwan Conflict Looms

Leaked Russian documents reveal plans to strike 160 targets in Japan and South Korea amid potential China-Taiwan war.

June 27, 2025
"U.S. Strike on Iran’s Nuclear Site Was 15 Years in the Making

How Did 15 Years of U.S. Planning Lead to Strike on Iran’s Nuclear Site?

June 27, 2025
Elon and Musk (Picture Credit: Twitter)

Is Eutelsat the Strategic European Alternative to Starlink?

June 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.