Russia condones Cuban debt in a 90%

The Russian Parliament yesterday ratified a bilateral agreement between Moscow and La Havana, by condoning in a 90% the debt of the island State with the extinct Soviet Union.

Moscow has forgiven its Caribbean partner, with which it has a historical relationship since the Cuban Revolution, (31,700 million dollars).

The Cuban Government will deposit the money in an open account of a Russian public financial institution in the National Bank of Cuba with the condition that Russia can only use this funds to invest in the Island territory.