A Russian truck manufacturer is suing the Cuban regime for a million-dollar debt

A Russian truck manufacturer is suing the Cuban regime for a million-dollar debt

The Russian automaker Miass, which makes Ural trucks, will take two Cuban entities to court For not paying for shipments of parts for those vehicles to the island for assembly, an act Havana ignored.

According to local media ura.ruthe plant located in Chelyabinsk filed a lawsuit with the Moscow Arbitration Court Claim in the amount of 23.4 million euros to the Cuban State Corporation for the Import and Export of Technical Products (Tecnoimport) and the International Bank of Commerce SA (BICSA).

The lawsuit involves the Russian company VEB.RF, a state financial support entity for development, which would have acted as an intermediary between Moscow and Havana.

According to the arbitration case file data, the trial will begin in mid-September.

“The Ural Automobile Plant sued for joint recovery of €22 million in damages and €1.4 million in interest for the use of other people’s money”Moscow Arbitration Court indicated in this report.

according to ura.ruThe history of business between the Cuban and Russian entities goes back to the past decade. The automobile plant participated in a cooperation project with Cuba, through which it undertook to supply engines, components and structures from it Cubans will collect 4320 Ural trucks on the shelf.

The company also set up a separate department in the factory to train engineers to assemble trucks, and recorded an instructional video for the Cuban side.

Deliveries, consisting of assembly kits for 120 GAZ cars and 500 Ural trucks, took place in 2018.When the factory belonged to the Gas Group.

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“There was no talk of charity. But no payment was received for these products. On each occasion, the Cuban side found reasons not to pay. They explained that the cars do not work and that it is impossible to assemble them. A source in the company explained that the photos of the military parade in Cuba showed that these vehicles are being actively used.

And this request comes a few hours after finding out The Kremlin has postponed until 2040 the repayment of a loan to build a power plant that never saw the light of dayFor whose fate Havana never took responsibility.

The corresponding changes to the Intergovernmental Agreement, signed by the Russian Finance Minister, Anton Siluanov, and the Cuban Deputy Chairman of the Council of Ministers, Ricardo Cabrisas, were approved by the Government of the Russian Federation by decision of Vladimir Putin.

And in 2014, Putin canceled 90 percent of Havana’s debts since the times of the Soviet Union, which amounted to $35 billion.Of which the Raúl Castro regime will only have to return $3,500 million.

And in February 2022, hours before the invasion of Ukraine began, the State Duma (the lower house of the Russian Federal Assembly) approved a $2.3 billion debt restructuring project that the head of that entity negotiated during a trip to Havana.

According to the Russian State Duma. This project provides for “the restructuring of Cuba’s debts with Russia, within the framework of four intergovernmental loan agreements”, which were granted between 2006 and 2019. In the amount of 2.300 million dollars.

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The Russian loans were granted to finance projects in the fields of energy, minerals and transportation, as well as to ensure the supply of products to the island, and part of this amount has been postponed in the agreement announced this week.

And the official Prensa Latina agency specified that, according to the new debt repayment protocols, Cuba “must make the last payment on December 15, 2027.”

As the independent Russian media warns Moscow Times, “The Kremlin continues to return to the Soviet practice of funneling billions of dollars into friendly regimes abroad, granting and then forgiving loans in exchange for loyalty.”

The media assert that the $32,000 million pardoned to Raúl Castro in 2014 represents an amount equivalent, at the current exchange rate, to the annual budget of state medicine for compulsory health insurance, and three annual budgets of the entire higher education system in Russia. And ten annual budgets from rich regions, such as Nizhny Novgorod or Novosibirsk.

last year, according to the Court of Auditors. Russia received payments in the amount of only 33.8 million rubles from loans issued to foreign countries and legal entities.

Compared to 2021, revenue decreased by 3.3 times, and its total volume was the lowest since 2012. At the same time, the debt repayment plan (138,500,000,000 rubles) was implemented by only 24%.

Aygen Marsh

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