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Russia to partially write off Cuba’s US $25 billion debt

HAVANA, Cuba, CMC – Russia’s Industry and Trade Minister Denis Manturov says his country will forgive part of Cuba’s US$25 billion Soviet-era debt and restructure the rest as part of agreements that include Havana getting Russian jetliners worth US$650 million. On an official visit here, Manturov told reporters that Deputy Foreign Minister Sergei Ryabkov and Ricardo Cabrisas, vice president of the Council of Ministers, had initialed the debt agreement, adding that the details would be worked out by the end of the year.

ACP welcomes new sugar vote in European Parliament

BRUSSELS, CMC – The Chairman of the African Caribbean and Pacific (ACP) Sugar Subcommittee, Dr. P.I. Gomes, has welcomed a vote in the European Parliament Committee on Agriculture and Rural Development which supports the extension of the current quota provisions until 30 September 2020. The ACP says the extension of sugar quotas will help to ensure fair, stable and reasonable remunerative EU sugar market prices to ACP and less developed countries (LDC) exporters under the Economic Partnership Agreements (EPA) and the Everything But Arms Initiative.

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