Russia cancels $20bn African debt – Putin

Cairo – Mubasher: Russia has written off $20 billion in debt owed by African countries, the Russian president Vladimir Putin said on Wednesday at the Russia-Africa Summit in Sochi.

The Russian president expects the volume of African economy to reach $9 trillion by 2050.

He also called for doubling trade exchange between Russia and African countries over the coming five years.

Mubasher Contribution Time: 23-Oct-2019 10:58 (GMT)
Mubasher Last Update Time: 23-Oct-2019 10:58 (GMT)