World

Russia Wrote Off $23 Billion in Debt to African Nations

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.
Sputnik
"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.
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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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