Havana’s fundamental regional governmental friend, Venezuela, has sold brand new island the fresh oils Cuba needed for during the last 2 decades. Cuba just produces 50 % of new petroleum it takes for its discount.
About 1960s with the 1990s, the new Soviet Union given Cuba many vital imports: fertilizers, commercial equipment, free bits and you will, first off, oils in return for glucose.
In the event that dated alliance collapsed regarding 90s, Cuba owed Russia some $thirty-five million with debt, 90% at which was forgiven by Putin management in 2014. The bill was refinanced.
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