TRADE AGREEMENT SIGNED BETWEEN CUBA & USSR
Moscow (JFK+50) On January 10, 1962, the Soviet government announced that the USSR and Cuba had signed a trade agreement. The pact was signed in Havana previous day by representatives of the two communist nations.
The monetary amount of the agreement was equivalent to 700 million U.S. dollars. By the agreement, the USSR would provide oil, metals, chemicals, fertilizers, wheat and machinery to Cuba. In return, Cuba would export sugar, alcohol, tobacco and fruit to the Soviet Union.
In February 1962, the United States extended its embargo on Cuba to include all trade.
Fidel Castro in Berlin
June 14, 1972
Photo by Peter Koard
Bundesarchiv, Bild
183-20614-040/CC-BY-SA
Moscow (JFK+50) On January 10, 1962, the Soviet government announced that the USSR and Cuba had signed a trade agreement. The pact was signed in Havana previous day by representatives of the two communist nations.
The monetary amount of the agreement was equivalent to 700 million U.S. dollars. By the agreement, the USSR would provide oil, metals, chemicals, fertilizers, wheat and machinery to Cuba. In return, Cuba would export sugar, alcohol, tobacco and fruit to the Soviet Union.
In February 1962, the United States extended its embargo on Cuba to include all trade.
Fidel Castro in Berlin
June 14, 1972
Photo by Peter Koard
Bundesarchiv, Bild
183-20614-040/CC-BY-SA
