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.

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