Russia postpones Cuba debt payments amid warming relations - The Jerusalem Post

Russia has agreed to postpone some debt payments owed to it by communist-run Cuba until 2027, its lower house of parliament said on Tuesday, just days after the two countries announced they would deepen ties amid the spiraling Ukraine crisis.

The loans, worth $2.3 billion and provided to Cuba by Russia between 2006 and 2019, helped underwrite investments in power generation, metals and transportation infrastructure, according to a statement from the lower house, or Duma.

On Tuesday, Russian lawmakers ratified an agreement, originally signed with Cuban counterparts in Havana in 2021, that amended the loan terms, the statement said.

Cuba last week expressed support for Russia in its showdown with Western powers over Ukraine following a visit from Russian Deputy Prime Minister Yuri Borisov, and accused long-time rival the United States and its allies of targeting Moscow with what it called a "propaganda war" and sanctions.