Monday, February 2, 2009

Cuba receives from Russia 354 million dollars.

The total amount of loans, which Russia has agreed to provide Cuba, will be not $ 20 million, as previously reported, and 354 million, said the newspaper "Vedomosti".

The publication, referring to its source in the Ministry of Foreign Affairs, said that for several hours before the signing of the loan agreement of 20 million, and President Dmitry Medvedev in Moscow before visiting the head of Cuba's Raul Castro agreed to an additional two credits of 100 and 150 million dollars .

In addition, according to Vedomosti, Cuba to obtain export credit Vnesheconombank (VEB) for an amount of 47 million dollars, to which OAO Ilyushin Finance Co. (IFC) will supply to Cuba a cargo airliner TU-204SE.

Russia will also provide food aid donations to Cuba of $ 37 million dollars. These two tranches worth a grain 7 and 30 million dollars respectively.

Recall that in autumn 2008, Russia has already disbursed a loan to Cuba to 335 million dollars, but, according to Deputy Prime Minister Igor Sechin, is almost entirely exhausted.

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