Putin Arrives in Havana on July 11th
HAVANA TIMES — The Russian Parliament approved today the cancellation of 90% of Cuba’s 35 billion dollar debt (26,000 million euros) from Soviet times, the same day the Kremlin announced a visit by President Vladimir Putin to the island on July 11.
Nonetheless, Cuba must repay the remaining US $3.5 billion over ten years, reported dpa news.
The Soviet Union was the main trading partner and strategic ally of Fidel Castro during the time of the Cold War. The collapse of the socialist bloc put the island on the brink of economic collapse in the early 1990s.
When in Havana, Putin plans to meet with both President Raul Castro, 83 and former leader Fidel Castro, 87.
The Russian leader will then continue on to Buenos Aires, where he will meet with the Argentine President Cristina Fernández.
Putin will also attend a summit in Brazil of the BRICS emerging economies group (Brazil, Russia, India, China and South Africa) on 15 and 16 July in Fortaleza and Brasilia.
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