The Russian President, Vladimir Putin has announced that his government has forgiven African nations’ cumulative debts amounting to $23 Billion
The Russian President, spoke at the plenary session of the Russia-Africa Summit at the weekend.
He said that Russia is participating in efforts to relieve the debt burden of African countries, saying: “to date, the total amount of debt we have written off is 23 billion dollars.
“According to the latest requests from African countries, we will allocate more than $90 million more for these purposes and their development.”
This followed his earlier promise that Russia would give six African nations up to 50,000 metric tons of free grain in the next three to four months in spite of sanctions on Russian exports.
Source: Persecond news.