Business · Trade · 11 hrs ago
Algerian envoy says trade with Russia has room to grow
Algerian Ambassador to Russia Toufik Jouamaa says trade between Algeria and Russia is about $3 billion.
He considers that amount small given the opportunities and strategic nature of the two countries’ relationship.
Their economic ties are linked to their political relationship, Jouamaa said, but have not reached the level both sides want.
Algeria wants to strengthen and expand trade and economic cooperation with Russia across several sectors.
Energy is the leading area for cooperation, and Algeria also wants to develop renewable energy partnerships.
The two countries are seeking broader ties, but no specific next steps or timeline were given.
Algerian Ambassador to Russia Toufik Jouamaa said trade between Algeria and Russia has room to grow.
He put current trade turnover at around $3 billion, which he described as very small given the countries’ potential.
Jouamaa said Algeria seeks to strengthen and expand trade and economic relations with Russia.
He said energy is a leading area of cooperation and that the countries aim to develop a partnership in renewable energy.
- Who
- Algerian Ambassador to Russia Toufik Jouamaa.
- What
- He said trade between Algeria and Russia has significant potential to increase.
- When
- October 26, 2026.
- Where
- In an interview with Vesti; Jouamaa is based in Russia as Algeria’s ambassador.
- Why
- He said current trade is small compared with the countries’ potential and the strategic nature of their relationship.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Trade turnover
- Around $3 bln
- Algerian ambassador
- Toufik Jouamaa
- Leading cooperation sector
- Energy
- Potential partnership
- Renewable energy sources
What people are saying
Trade turnover between the two countries is currently around $3 bln, which we consider very small, given the strategic nature of the relationship between the two nations.
Our areas of cooperation are diverse, but the energy sector is at the forefront.