Putin Pledges Cuba Debt Write-Off

Russian President Vladimir Putin's visit to Havana has proved extremely good for Cuba. After talks with his Cuban counterpart Raul Castro Putin unveiled a deal to write off 32 billion dollars of old Soviet debt. That's 90 per cent of the total. He said the other ten per cent would be reinvested in Cuban development projects. The deal is in defiance of a 52-year-old U.S. economic embargo.

Advertisement—Continue Reading Below