On October 10, a meeting took place between Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation (CCI of Russia), and Toufik Djouama, Ambassador Extraordinary and Plenipotentiary of the People’s Democratic Republic of Algeria to Russia. Vice President of the CCI of Russia Vladimir Padalko also took part in the meeting.

During the negotiations, the parties discussed current issues of bilateral trade and economic cooperation, as well as prospects for further interaction between the business communities of Russia and Algeria.

Sergey Katyrin emphasized that the Chamber consistently supports the development of mutually beneficial economic relations between the two countries. According to him, strengthening business ties requires a systematic exchange of information and direct interaction between entrepreneurs.

“We see significant potential for developing partnership relations and are ready to facilitate direct contacts between Russian and Algerian companies,” said the head of the CCI of Russia.

He noted that one of the most effective instruments of cooperation is the Russian-Algerian Business Council under the CCI of Russia. Since September 2024, its chairman has been Ahmed Azimov, who also participated in the meeting.

The Business Council acts as an organizer and active participant in various events, including bilateral forums, scientific and practical conferences, consultations, and business missions. It also provides advisory support to Russian companies interested in entering the Algerian market.

The President of the Chamber also stressed the importance of regular information exchange and expressed readiness to provide the CCI’s infrastructure for hosting specialized events.

“The CCI of Russia is ready to offer a platform for presenting Algeria’s investment potential, connecting representatives of over 130 regional chambers of commerce and industry across the country,” said Sergey Katyrin.

The Algerian Ambassador, in turn, expressed gratitude for the Russian side’s initiative and highlighted the practical importance of dialogue between entrepreneurs of both countries.

“We consider the initiative to present Algeria at the CCI of Russia to be highly relevant for the business community. We are confident this will be a step toward further strengthening economic partnership,” noted Toufik Djouama.

Sergey Katyrin also recalled that the visit of the Russian CCI delegation to Algeria in April 2025 was an important milestone in the development of bilateral business relations.

“Your country provided comprehensive support for our work. We highly appreciate the organizational assistance that made the visit as productive as possible,” emphasized the head of the Chamber.

At the conclusion of the meeting, both sides reaffirmed their commitment to continuing joint efforts to enhance trade and economic cooperation.