Russia wrote off $20 billion of African nations’ debts, Putin says
Russia has written off debts of African nations amounting to more than $20 billion, President Vladimir Putin said on Monday. "The mutual trade turnover is growing from year to year, which reached almost $18 billion as of the last year-end," the Russian leader said. "The more vigorous transition to national currencies in financial settlements and the establishment of new transport and logistics chains will facilitate the development of countertrade turnovers," Putin added. 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 settle...