` One Tenth of Cuba’s Debt to Russia will be Invested in Cuban Economy RFM Sergei Lavrov ‘

#AceFinanceNews- HAVANA – April 29 – One-tenth of Cuba’s debt to Russia will be reinvested in Cuban economy, Russian Foreign Minister Sergei Lavrov said Tuesday upon the completion of talks with his Cuban counterpart, Bruno Rodriguez.

“The part of the debt that is not written off – and that’s 10% of the total – will be reinvested in Cuban economy on agreement between the two sides,” he said. “We’re interested in the making these investments productive to the maximum.”

Various companies are showing interest towards operations in Cuba and the energy sector leaders like Zarubezhneft, Rosneft and Inter RAO are among them, Lavrov said.

He recalled an important arrangement that has already been fulfilled in the form of an agreement on writing off Cuba’s debt to our country.

“This agreement is in the final phase of ratification at present,” Lavrov said.

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