Russia to loan Cuba $ 50 million to buy Russian armored vehicles, - media

Russia to loan Cuba $ 50 million to buy Russian armored vehicles, - media

The Russian Federation will provide Cuba with a state loan of some $ 50 million for the purchase of Russian military equipment. Kommersant reported this, referring to sources in the area of military-technical cooperation.

The agreement will be signed on October 29–30, at the next meeting of the intergovernmental commission.

It is noted that Russia will provide Cuba with a state loan for the purchase of weapons under a series of previously signed contracts.

'This amount will go exclusively to the military-technical cooperation. In addition to this agreement, a number of general economic documents and agreements under the Ministry of Finance will be signed, with other funds,' said the source.

According to the publication, Cuba will be able to choose weapons in the framework of the technical cooperation program for 2016–2020, which provides for the modernization of the republic’s military industry and its military equipment, for the amount of the state credit.

According to the source in Russia's defense industry, the discussion will deal with the procurement of armored vehicles and probably aviation (presumably helicopters) from the Russian Defense Ministry.

'In addition, they will take spare parts, tools and accessories, as well as property for the previously supplied equipment, for example T-62 tanks or BTR-60 assault troop carriers,' the source said.

It should be noted that in 2017, the head of Rosoboronexport company Aleksandr Mikheev reported that Cuba officially addressed Russia with a request to modernize its existing equipment. however, he did not rule out concluding direct commercial contracts in the near future.

The last credit agreement in the field of military-technical cooperation with Cuba was concluded in 2009 and extended in 2010 and 2011.

In 2015, Cuba was interested in purchasing the Russian naval equipment and upgrading the infrastructure of its coastal zone.

In 2016, Moscow and Havana negotiated the creation of additional capacities in Cuba for repairing the Soviet-built and Russian-made helicopters.
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