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Search resuls for: "Austin Energy Institute"


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Havana, Cuba CNN —As a series of welcoming cannon blasts rang out from a nearby colonial fort, the Russian navy’s training class ship Perekop sailed into Havana on Tuesday. “We are condemning, we are rejecting, the expansion of NATO towards Russia’s borders,” Cuban President Miguel Diaz-Canel told Russian-controlled network, RT, in a rare interview in May. He also blasted US economic sanctions on Russia, while heralding Russian “projects of cooperation and collaboration” under development in Cuba. But following the collapse of the Soviet Union, Cuba lost its main trading partner and entered a deep economic depression. Despite the high cost of the war in Ukraine and economic sanctions, Russian officials say they are committed to Cuba.
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HAVANA, Nov 30 (Reuters) - China, Russia, Algeria and Turkey have pledged to restructure Cuba's debt, provide new trade and investment financing, and help ease an energy crisis, Cuban President Miguel Diaz-Canel told state-run media following a rare trip abroad last week. Cuba's debt with business partners and suppliers has ballooned, leading some to refuse to do business with Cuba unless it is in cash, according to foreign business and diplomatic sources with knowledge of recent transactions. Cuba's current foreign debt is considered a state secret. Prior to the pandemic, in 2019, the Caribbean island nation reported its foreign debt at $19.6 billion. "There is no short-term solution to Cuba's electric power sector challenges; the system is old, tired and broken.
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