Russia to write off Cuba’s soviet-era debtFebruary 22, 2013 - 09:23 AMT PanARMENIAN.Net - Russia and Cuba will sign an agreement on the settlement of Cuba’s debt worth $30 billion by the end of the year, with part of the debt to be written off and part to be restructured, Russian Industry and Trade Minister Denis Manturov said Friday, Feb 22, according to RIA Novosti. “There was an accumulated debt of Soviet Union-granted loans, and now an agreement has been drafted, which does not yet enter into force but is initialed until all coordination procedures are conducted,” Manturov said. Earlier Friday, Russia and Cuba initialed the debt settlement agreement. Russian Deputy Foreign Minister Sergei Ryabkov and Ricardo Cabrisas, vice president of the Cuban Council of Ministers, put their signatures under the document in the presence of Russian Prime Minister Dmitry Medvedev and Cuban leader Raul Castro. Russia is the Soviet Union’s legal successor regarding loan payment. Manturov did not specify which part of the $30 billion debt will be written off. Medvedev arrived in Cuba on Thursday following a visit to Brazil. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |