China donates $ 100 million to Cuba against economic crisis Saudis intervene: CS general assembly approves capital increase of 4 billion

China is helping Cuba, which is in a severe economic crisis due to the corona pandemic, with a donation of about USD 100 million.

Chinese President Xi Jinping handed over the donation to Cuban President Miguel Díaz-Canel at the end of his visit to China, Cuban Deputy Prime Minister Alejandro Gil said Saturday.

epa10327207 Chinese President Xi Jinping holds a ceremony to welcome Cuban President Miguel Diaz-Canel (L) ahead of their talks at the Great Hall of the People in Beijing, China, November 25, 2022. EPA...

Xi and Díaz-Canel met on Friday, Gil told Cuban state television. The money will be spent on “priorities,” said Gil, who is also Commerce Secretary. Cuba is currently suffering the worst economic crisis in three decades.

Díaz-Canel is on one of his rare trips abroad, which will take him to Turkey and Russia, among others. He is looking for support to renew the outdated energy supply that keeps collapsing and causing power outages.

According to Gil, the two heads of state also discussed Cuba’s debt to China. He gave no information about the amount. “We are looking at mutually acceptable debt planning and restructuring formulas,” Gil said. China is Cuba’s second largest trading partner after Venezuela. Both countries are close allies of the government in Havana. (sda/afp)

Soource :Watson

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Amelia

Amelia

I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.

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