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A Friend in Deed: Russia Writes Off Over $20Bln for African Countries
A Friend in Deed: Russia Writes Off Over $20Bln for African Countries
Moscow continues its policy of relieving developing countries of their debts. 28.09.2017, Sputnik International
2017-09-28T15:00+0000
2017-09-28T15:00+0000
2022-11-23T11:34+0000
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newsfeed, russia, vladimir putin, alfa conde, world health organisation
newsfeed, russia, vladimir putin, alfa conde, world health organisation
A Friend in Deed: Russia Writes Off Over $20Bln for African Countries
15:00 GMT 28.09.2017 (Updated: 11:34 GMT 23.11.2022) Moscow continues its policy of relieving developing countries of their debts.
“We have written off more than $20 billion inof African countries’ debts as part of an initiative to help out the world’s poorest and most deeply indebted nations,” President Vladimir Putin told reporters after meeting with his Guinean counterpart Alfa Conde on Thursday.
He added that in 2016 Russia had lined up $5 million as part of the World Health Organization’s African aid program.
Russia has written off debts to a number of Soviet-era allies such as Cuba and North Korea.
In June, Moscow similarly wrote off all of Kyrgyzstan’s debt to Russia, totaling $240 million.
