🇷🇺 Russian President Vladimir Putin on Monday said Moscow has forgiven debts of African states worth more than $20 billion.

Speaking at an international parliamentary conference titled “Russia-Africa in a Multipolar World,” Putin said the trade turnover between Russia and African countries is growing every year, reaching almost $18 billion in 2022.

"It is unlikely that such a figure can fully suit us, but we know that this is far from the limit," he added.

Putin also said he believed that "the development of counter-commodity exchanges will be facilitated by a more energetic transition in financial settlements to national currencies, and the establishment of new transport and logistics chains."

He further said: "Additional opportunities are opened up by the process of establishing the African Continental Free Trade Area (AfCFTA), which began in 2021, which in the future will become a continental market with a total GDP of more than $3 trillion."

Russia, he said, is in favor of establishing ties with AfCFTA both through the Eurasian Economic Union and on a bilateral level, adding that Africa will become one of the leaders of the multipolar world.

"The states of 🌍 Africa are constantly increasing their weight and their role in world affairs, they are asserting themselves more and more confidently in politics and in the economy. We are convinced that Africa will become one of the leaders in the emerging new multipolar world order," Putin added.

He said Russia and the countries of Africa, Asia, and Latin America are against the neo-colonial ideology.

"Russia and African countries uphold moral norms and social principles traditional for our peoples, and oppose neo-colonial ideology imposed from outside," he said. "Many states of Asia, the Middle East, and Latin America adhere to similar positions, and together we make up the world majority."

TASS ||Anadolu Agency

🌍 Africa loves you Daddy Putin ❤️ Defender of the weak and poor countries.

👍🏻Like for Russia-Putin, share for USA/Nazi/NATO卍

JAGABAN of the world at the moment.

This looks like recycled news from 2019.

https://saharareporters.com/2019/10/24/putin-russia-wrote-20-billion-debt-owed-african-nations

https://www.vanguardngr.com/2019/10/russia-wrote-off-20-billion-of-african-countries-debts-%E2%80%95-putin/

https://africa.cgtn.com/2019/10/24/russia-writes-off-more-than-20-billion-in-african-debt/

This is huge! Are you guys still cursing Russia? Once your big, your big for life! Russia is a "dad" compared to what the US is to us.

Anything dollar na legal scam.
Ordinary paper that isn't backed by real gold.

They just print it.
The international loan market should be driven by assets and services not printable paper cash.

Some African leaders are corrupt, Debts are forgiven them, they end up going to borrow again and it goes into private pockets and no significant economic infrastructure provided to the masses, and the cycle of debt, borrowing, looting etc continues

Russia doesn't seem to be going down any time soon.
World power no be for mouth

That's nice President Putin.

We want to host you in Nigeria.
Come for a visit

I just love Putin

He try fr this one.. He needs to answer for his war crimes.

Lol when African countries borrow 20bn?

Show me where the US & her cronies ever did this.
I'll wait...

How many times will African debts will be shamefully forgiven?

The problem at hand is that we don't achieve anything with such forgiveness. Take a case of Nigeria. We were forgiven, Buhari returned us to square one.

US can never do such.

Ma G

Ebije1:
He try fr this one.. He needs to answer for his war crimes.

Honestly you are the only one who can make him answer

God bless mother Russia

No be anyhow man the run russia.
Russia is the most careful country in the world in terms of leadership..

Ebije1:
He try fr this one.. He needs to answer for his war crimes.

Which of them?

CrownOfClay724:
The next government wee sti go and collect another one

Countries build their economy in debt

This guys will only end up making African leaders loot more and more. They borrow and loot, you forgive and forget then they come back to borrow and repeat the same shit again cos they know one way or the other they won't ever get to pay what they owe.. What they borrow the money for you won't see it.

This will just keep African countries in these present state of mess but if a country like Russia takes over your country because you refused to pay your debt watch the other indebted African countries sit up tight.

rottennaija:

Countries build their economy in debt

We've seen the monstrous constructions they built with the ones that were just forgiven them.

Uncle pootin has wiped of 20b from African debt. Lol

aieromon:
This looks like recycled news from 2019.

https://saharareporters.com/2019/10/24/putin-russia-wrote-20-billion-debt-owed-african-nations

https://www.vanguardngr.com/2019/10/russia-wrote-off-20-billion-of-african-countries-debts-%E2%80%95-putin/

https://africa.cgtn.com/2019/10/24/russia-writes-off-more-than-20-billion-in-african-debt/

OP is a high level pootin worshipper.

More reason for the greedy West to hate him. They are now mad in Brussels, Paris, London, Washington DC, Rome,Ottawa, New York, Madrid and so forth.

Smth is not just right. I can feel it

Reality chess

Thank you Russia/China for the multi-polar world. African countries can now gradually be freed of the chains imposed by the Imperialist Anglos.

panafrican:
More reason for the greedy West to hate him. They are now mad in Brussels, Paris, London, Washington DC, Rome,Ottawa, New York, Madrid and so forth.

Their banks are crashing due to the imposed sanctions. No liquidity. Multi-polar light to the world.