Moscow Has Forgiven $23Billion Debts Owed By African Countries –Russian President, Putin | Sahara Reporters
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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.
  • nitrolife@rekabu.ru
    8·
    1 year ago

    Debts forgiven by years:

    • 2005: Syria $9.7 billion , Ethiopia $1.1 billion
    • 2006: Algeria 4.7 billion $
    • 2007: Afghanistan 11.1 billion $
    • 2008: Iraq $12 billion , Libya $4 billion
    • 2010: Afghanistan $891 million, Mongolia $180 million
    • 2012: North Korea 11 billion $
    • 2013: Kyrgyzstan 500 million $
    • 2014: cuba $30 billion
    • 2015: Madagascar 88.9 million $
    • 2016: Mongolia $ 172 million , Uzbekistan $865 million

    etc. Debt forgiven actually happens every year, nothing new.

  • Akasazh@feddit.nlEnglish
    115·
    1 year ago

    Buying off the ones that came to his conference with loan forgiveness and grain, whilst blocking grain shipments for those who didn’t.

    True power play.

    • boredtortoise@lemm.ee
      41·
      1 year ago

      Wonder how many of the countries believe the free grain or are they just playing along for the theatrics