Russia Wrote Off $20 Billion of African Countries’ Debts
Russian president, Vladimir Putin has said Russia wrote off $20 billion of African countries’ debts that had accumulated during Soviet times, according to The Moscow Times report.
The first-ever Russia-Africa summit was held in Russia between Wednesday (October 23) and Thursday (October 24). This, according to report was to restore Russia’s partnership with Africa continent since the fall of the Soviet Union. During Nigerian President, Muhammadu Buhari on Monday afternoon departs Abuja with delegates to attend the event along with other African leaders and their delegates.
Prior to the President’s departure, the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu in a statement on Sunday (October 22) said that the Summit would focus on exploring and expanding opportunities in security, trade and investment, science and technology, and gas production.
In total, 54 African countries were reported to be represented at the Russia-Africa summit.
Lots of memoranda of understanding (MoUs) were signed between African leaders and the Russian president.
