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Russia wrote off $20 billion in debts owed by African countries
Russia wrote off $20 billion in debts owed by African countries in 2008, the Foreign Ministry said on Friday.

"The amount written off is worth $20 billion," the ministry said on its website in a review of Russia's foreign policy in 2008.

The ministry also said talks were under way with Benin, Guinea, Zambia, Madagascar, Mozambique, Tanzania and Ethiopia on writing off their debts, totaling around $500 million.


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