FT: "Cuba’s relationships with other allies such as China and Venezuela have waned, but its ties with Russia are stronger than at any point since the cold war." Indeed, China does not give Cuba aid as the Soviet Union did; despite some grants, China mainly lends and invests:
China has agreed to restructure Cuban debt and provide new trade and investment credits to the beleaguered Caribbean Island nation after a meeting in Peking. Chinese trade and investment has slowed in recent years due to Cuba’s failure to meet restructured debt payments according to analysts and diplomats. Various investment projects have also ground to a halt. The Cuban president said his Chinese counterpart indicated “a solution must be found to all the problems with Cuba, regardless of the debt, and that this cannot be what limits development.” --Reuters, Nov. 27, 2022 https://www.reuters.com/world/americas/cuba-wins-china-debt-relief-new-funds-2022-11-27/ Multipolarista fans of BRICS, take note! The biggest economy in BRICS by far, China, operates largely on commercial grounds with Cuba. Russia, the most active military power in BRICS today, has a closer political relation with Cuba. Each of the BRICS powers – all capitalist – pursues its own interests. The multipolar world is a world of imperialist powers old and new, less powerful capitalist countries, and weak ex-colonial countries that are still the targets of economic colonialism (usually with the eager cooperation of their rulers). -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#30729): https://groups.io/g/marxmail/message/30729 Mute This Topic: https://groups.io/mt/106618514/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
