AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

HAVANA: Russia on Thursday donated nearly 20,000 tonnes of wheat to political ally Cuba, a welcome gift to the Caribbean island nation beginning to feel the pain of soaring global prices for grains following the war in Ukraine.

Russian ambassador to Cuba Andrei Guskov said at a ceremony that his country´s government had agreed last year to send the grains to Cuba.

But the ship transporting the wheat, Guskov said, was stalled off the island for a month by Western sanctions imposed on Russia after its invasion of Ukraine. Banking-related restrictions had complicated Russia´s payments to the shipper, he said, making it impossible for the boat to offload and “convert the wheat to bread for Cubans.” “What happened clearly shows that the unilateral, coercive measures adopted against Russia, like those applied against Cuba, harm the lives of ordinary people,” Guskov told reporters.

The substantial donation of wheat - used to make the bread that is a basic, government-subsidized staple in Cuba - is the latest in a series of overtures between the communist-run government and Russia.

Cuba on April 7 joined China, North Korea, Iran, Syria, and Vietnam in voting against a resolution adopted by the UN General Assembly that suspended Russia from the UN Human Rights Council over its reported rights abuses in Ukraine.

Cuba and Russia have a long history of economic and military collaboration since Fidel Castro’s 1959 revolution, though in recent decades those ties have faded.

Days before invading Ukraine, Russia nonetheless agreed to postpone debt payments owed by Cuba until 2027. The two governments have also agreed to deepen ties and explore collaboration in transportation, energy, industry and banking.

Russia, one of the world’s largest wheat exporters, continues exporting grains to Cuba and other trade partners despite sanctions that have complicated logistics.

Cuba, an island nation of 11 million inhabitants isolated by Cold War-era US sanctions, is facing a dire economic crisis.

Comments

Comments are closed.