Havana’s head local political ally, Venezuela, possess offered the fresh new area this new oil Cuba needed for for the last 2 decades. Cuba merely provides half brand new oil it will take for its cost savings.

Regarding 1960s into 1990s, this new Soviet Relationship given Cuba many important imports: fertilizers, industrial products, spare bits and you may, first of all, oils in return for sugar.

If old alliance folded on the 1990’s, Cuba owed Russia some $thirty five million in debt, 90% from which try forgiven because of the Putin government from inside the 2014. The balance was refinanced.

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