Somalia thanks to Russia for writing off significant portion of external debt
According to Speaker of the Senate of Somalia’s Federal Parliament Abdi Hashi Abdullahi, Russia’s decision reaffirms its unwavering commitment to international cooperation, equitable development, and the principles of mutual respect and partnership
MOSCOW, June 4. /TASS/. Somalia has expressed its gratitude to Russia for writing off a substantial portion of the country’s external debt. This decision represents a powerful gesture of friendship and solidarity, Speaker of the Senate of Somalia’s Federal Parliament Abdi Hashi Abdullahi said during a plenary session of the Federation Council.
"On behalf of the Federal Republic of Somalia and its people, I would like to extend our deepest appreciation and gratitude to the Russian Federation for its landmark decision to cancel a significant portion of Somalia’s external debt," he stated.
"This historic act of generosity, a debt write-off totaling $700 mln, not only eases the financial burden on our nation but also serves as a powerful gesture of solidarity and friendship," he emphasized.
According to him, Russia’s decision reaffirms its unwavering commitment to international cooperation, equitable development, and the principles of mutual respect and partnership.