Russia wrote off $23 billion of African Nations debt - Putin

Sputnik
Sat, 29 Jul 2023 08:46 UTC

© Sputnik / Gavriil Grigorov

Russia wrote off $23 billion in debt to African countries and will provide around $90 million as debt relief, Russian President Vladimir Putin said on Friday. "Russia is taking part in debt relief efforts for African countries.

At the moment, we have written off a total of $23 billion in debt. On recent requests of African countries, we will allocate over $90 million more for these development purposes," Putin said at the Russia-Africa summit. World

The second Russia-Africa Summit and Economic and Humanitarian Forum is taking place in the Russian city of St. Petersburg from July 27-28. Sputnik is an official media partner of the forum.

Comment: Meanwhile the US recently announced a $345 million tranche of a $1 billion weapons package for Taiwan - and that's just the weapons package, because any fallout from a financial war will incur even greater costs to US citizens.

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