Russia Writes Off More than $20 Billion African Debt | Plikli CMS
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Russia Writes Off More than $20 Billion African Debt

humansarefree Politics Alexander Light http://humansarefree.com   Discuss    Share
Unlike its Western “partners”, which force their client states to perpetual capitulation via onerous debt, Russia released the African population from their debt obligation of more than $20 billion and further promised to double its economic cooperation with the continent in the foreseeable future.

“It was not only an act of generosity, but also a manifestation of pragmatism, because many of the African states were not able to pay interest on these loans,” Putin told TASS on the eve of the Rusia-Africa Summit.

While addressing the Russia-Africa forum in Sochi, he called for trade between Russia and African countries to be doubled in the next four to five years.


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