The Russian government has written off over $20 billion of debt historically owed by African nations, President Vladimir Putin said on Friday.President Putin who announced the debts forgiveness at a plenary session of the Russia-Africa forum in St. Petersburg, also said that Moscow would allocate more funds to help with the development of the continent, according to RT report. The total amount of debt of the African countries written off by Russia amounts to $23 billion dollars with another $90 million to be allocated for the same purposes,” Putin stated, with reference to historical trade and finance links between Moscow and Africa. On Thursday, the president said Russia would provide hard-pressed countries on the continent with free grain. Burkina Faso, Zimbabwe, Mali, Somali, the Central African Republic, and Eritrea will each receive between 25,000 and 50,000 tons of grain, while Moscow will cover the delivery costs of the shipments. In March, the Russian leader highlighted the growth of mutual trade between Russia and African countries, saying it could open up additional opportunities for the process of establishing the African Continental Free Trade Area (AfCFTA).
Launched in 2021, the AfCFTA is expected to become a continental market with a total GDP of more than $3 trillion, making Africa one of the leaders of the multipolar world.
According to Putin, Russia is in favor of establishing ties with AfCFTA both through the Eurasian Economic Union and on a bilateral level.

It haven't,,,
This just for a period of time not forever

Africans the new bride


Russia, China, ... This far east alliance would threaten the West


.

Massive embezzlement from Moscow.
Government of another country won't forgive those loans for free.
Expect your country mineral resources to be looting and sent and payment option.

Hehehe.

African leader's are gluttonous. They borrow only for one reason, which is to loot the whole money borrowed.

How I wish they stop giving them these loans, until they see a result of the ones they borrowed.

Curse777:




Africans the new bride


Russia, China, ... This far east alliance would threaten the West


.

they can't do long social media and world billionaire including great scientist are still from USA putin is just playing apart from war ammunition mention one scientific discovery from Russian and China in the last 10 years and I will tell u more than 30 from the US china and Russian are still playing

Gbogbowa:
they can't do long social media and world billionaire including great scientist are still from USA putin is just playing apart from war ammunition mention one scientific discovery from Russian and China in the last 10 years and I will tell u more than 30 from the US china and Russian are still playing

Some of you are just arse-licker for the west.

Who was the first country to register a COVID-19 vaccine.
You hate Russia but know nothing about them, it is better not to say anything about them than to openly show your ignorance to the world.