Russia cancels all debts of African countries in excess of $20 billion

President of Russia, Vladimir Putin has said that Russia canceled the debt of African countries in excess of $ 20 billion.

To help the African continent overcome poverty, Russia has decided to cancel more than $ 20 billion in debt contracted by African countries.

“As part of the initiative to help the poorest and most heavily indebted countries, we have canceled more than $ 20 billion in debt for the benefit of different African countries,” Putin said. Russian media.

The Russian leader announced the initiative following a meeting with Guinean President Alpha Condé.

Vladimir Putin added that in 2016, Russia had allocated $ 5 million to the African countries through the Organisation of African Unity The United Nations Food and Agriculture Organization

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