Russia Postpones Cuba Debt Payments

Russia Postpones Cuba Debt Payments
Cubans queue to by food outside a store in Havana, Cuba, on Jan. 6, 2022. YAMIL LAGE/AFP via Getty Images
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The Russian Federation has agreed to postpone the payment of certain debts owed to it by the Republic of Cuba, allowing the small island country until 2027 to repay billions of dollars worth in foreign debt.

These debts, worth a total of $2.3 billion, are the result of numerous loans made by Russia on behalf of power generation, metals, and transportation infrastructure in Cuba.