Who and why Russia forgives debts
The President of Russia Vladimir Putin meeting with President of Guinea alpha Conde recalled that Russia has written off more than 20 billion dollars in debt to African countries in the framework of the programme of assistance to the poorest countries of the world. Who and why Russia forgives debts, to understand the Russian service Bi-bi-si.
“The initiative to assist the poorest countries with high debt off African countries debt in the amount of 20 billion dollars”, — Putin said.
He also reminded that Russia in 2016 allocated to Africa, $ 5 million food needs.
To write off Russia’s debts of African countries worth over $ 20 billion was said in 2012, the Director of the Department of international organizations Ministry of foreign Affairs of the Russian Federation Vladimir Sergeyev at the UN meeting.
Until 2008, Russia wrote off the African debts for another $ 16 billion.
The presence of Russia in Guinea
In Guinea concentrated two-thirds of world reserves of bauxite. These fields were interested in the Soviet Union in the 1970s, with his assistance, there was built boksitogorskiy complex “Kindia bauxite Office”.
In Guinea the Russian metallurgical holding “RUSAL”. He owns the right to develop in the country’s largest deposits of bauxite with proven reserves of 564 million tonnes.
Friguia production complex near the Guinean town of Fria came under the control of “RUSAL” in 2002 and was fully privatized in 2006, is listed on the company website.
A few years ago in Guinea has a new President, and in 2009 the new government challenged the acquisition of RUSAL rights to the field, after which the plant ceased its operation. In 2012, the parties managed to agree and the plant started again.
Russian service Bi-bi-si remembers what countries does Russia forgave debts in the post-Soviet period and tries to understand why it was done.