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Russia Wrote Off $23 Billion in Debt to African Nations

© Sputnik / Gavriil Grigorov / Go to the mediabankRussian President Vladimir Putin
Russian President Vladimir Putin - Sputnik International, 1920, 28.07.2023
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ST. PETERSBURG (Sputnik) - 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.
Russian President Vladimir Putin giving a speech during the plenary session of the second Russia-Africa summit in Saint Petersburg on July 27, 2023.  - Sputnik International, 1920, 28.07.2023
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Putin: Africa Becoming Center of Power
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.
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