EFE (via 14ymedio), Moscow/Madrid, 11 March 2024 — Russian President Vladimir Putin approved on Monday an amendment to the credit agreements between Russia and Cuba that gives the Island better conditions for the payment and restructuring of its debt. The corresponding document was published this Monday on the legal information portal of the Russian Government.
The protocols approved by the Russian president refer to the credit agreements for Cuba granted between 2009 and 2019 for the purchase of hydrocarbons.
The debt contracted by Cuba within the framework of the agreements, whose restructuring was approved today, amounts to 277.2 million dollars, according to the Deputy Minister of Finance of Russia, Alexei Sazanov.
The facilities granted to Havana include the possibility of paying the debt in rubles, postponing the payment plan from 2023-2027 to the period 2028-2040, and modifying the calculation of the rates for the delay in payments.
Russia believes that aid to Cuba aimed at guaranteeing its crude oil supply will strengthen Moscow’s political positions in Latin America
Russia believes that aid to Cuba aimed at guaranteeing its supply of cr
