Cuba can repay the loan it took in Russia at a later time

After recovering $23 billion (94 billion Polish zlotys) of debt in Africa, Russia went into Cuba’s hand by allowing significant relief in 2015 loan repayments.

The Kremlin granted Havana the right to do so Non-payment of interest and principal on a €1.2 billion loan for five years (5.3 billion Polish zlotys), intended for the construction of two power plants.

Under the original agreement, Cuba was to start repaying the loan this year and repay it in full by 2028. Because of the recent arrangements, the first payment has been pushed back to 2028 and the final repayment date to 2040.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Russia-Ukraine war. Live coverage – December 15, 2022

In its latest report, the American Institute for the Study of War…

Ukrainian rear attacks. The Russians are angry

According to American experts The Study of War Institute (HEI)Ukrainian attacks on…

Law and Justice Member of Parliament: The German coalition will act like a cold shower in some EU countries

And Rzuwika stresses that the German parties that signed Tuesday’s coalition agreement…

Russia is “old slippers”, and Ukrainians are “animals”. Russian propaganda goes awry

In the Russian media, the juxtaposition of “bad West” and “good traditional…