Repaying Debts With Loyalty / 14ymedio, Reinaldo Escobar

14ymedio, Reinaldo Escobar, 4 July 2014 – The Cuban government has sided with Russia on every vote in the United Nations that has concerned Ukraine. It is a surprising outcome in a country that has traditionally defended concepts such as the self-determination of peoples, sovereignty and territorial integrity as key survival issues; a country which now looks kindly on the transfer of immense and rich Ukrainian territories to the control of Moscow.

Also noteworthy is the attention the government has devoted to discrediting its peaceful opponents, labeling them “mercenaries in service to the empire,” given that it has coined the term “independent militias” as a part of its official language, targeted to those who, with the undeniable support of Russia, are leading an authentic operation of imperial expansionism.

But loyalty is profitable and on Friday the lower house of the Russian parliament ratified the cancellation of 90% of Cuba’s debt with the extinct Soviet Union. The gesture will save the Island from a payout of 31.7 billion dollars.

The Russian-Cuban accord, now ratified by the Duma, also provides that the remaining 3.5 billion that makes up the old debt will be paid over ten years and that the amount will be placed in special accounts dedicated exclusively to investments in the Cuban economy.

He who pays with loyalty runs no risks. The one left in a delicate position is he who collects under this concept, because once the debts are settled, the insolvent debtor can suspend his commitments without anyone being able to claim anything.

When Vladimir Putin steps foot on Cuban soil this coming 11 July he will sign the agreements and joint statements, none of which will compel a future commitment to vote for or against Russia in international forums. Clearly I’m speaking of that future we so greatly desire, that future after the change.

4 July 2014