Russia Cancels $20 Billion In Debt Of African Countries

President Vladimir Putin said that Russia had 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 Organization of African Unity The United Nations Food and Agriculture Organization.