Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Agreement On Cancelling The Cuba Debt To Russia Is Ratified
7.07.2014 13:40
Agreement On Cancelling The Cuba Debt To Russia Is Ratified

The State Duma ratified an agreement on cancelling the debt which Cuba owes to Russia.

      The State Duma adopted the law “On Ratification of the Agreement between the Government of the Russian Federation and the Government of the Republic of Cuba on Settling the Debt of the Republic of Cuba to the Russian Federation on the Loans Granted to Cuba During the Former USSR” - ITAR-TASS reports. The total amount of the debt of Cuba on loans is about $ 35.2 billion. Meanwhile a half of that debt falls to the interest accrued on the principal amount. The agreement stipulates that 90% ($ 32 billion) of this debt will be written off, and the remaining 10% will be repaid within 10 years in 20 equal semi-annual payments in accordance with the established schedule. The first payment must be effected on October 25, 2014, and the last one - on April 25, 2024. 


Author: Anna Dorozhkina

Tags: Russia international     

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Science  Nina Doroshina  Tourism Forum  Russian business  Kursk  Tver region  Moscow  Moscow Kremlin   Gelendzhik  Exhibitions in Moscow  Monuments in Moscow  Ice Shows  Tretyakov Gallery  Elizaveta Glinka  Sharapova  Life Saving  sobering-up stations  Night of Arts Festival  Astrakhan  Alexei German  Russian science  Vyborg  Taganrog  Concerts in Saint Petersburg  Burial Grounds  book hotel in Russia  Vitaly Solomin  Russian Cinema  Tula Region  Sports  Russian country life  Maria Sharapova  Russian sportswomen  Serdyukov  Russian tourism  Russian scientists  Russian musicians  Historical Exhibitions  Graphic Art  Mercedes-Benz Fashion Week Russia  Russian economy  St. Petersburg  Vladivostok  FIFA world cup 2018 tickets  Lagonaki   Abram Arkhipov  ROSCOSMOS  Kandalaksha  Vasily Perov  Human Right Activists 

Travel Blogs
Top Traveling Sites