Russia will also allocate another 90 million for development on the continent the president says The Russian government has written off
Russia will also allocate another $90 million for development on the continent, the president says
The Russian government has written off over $20 billion of debt historically owed by African nations, President Vladimir Putin said on Friday, speaking at a plenary session of the Russia-Africa forum in St. Petersburg.
He said Moscow would also allocate more funds to help with the development of the continent.
« The total amount of debt of the African countries written off by Russia amounts to $23 billion dollars with another $90 million to be allocated for the same purposes, » Putin stated, with reference to historical trade and finance links between Moscow and New Delhi.
