Cuba russia hungary 100 dating

In this agreement, the Soviet Union committed to purchase 425,000 tons of sugar in 1960, and from 1961 to 1964 one million tons sugar annually.Furthermore, Nikita Khrushchev granted Havana a 100 million U.

He also declared that the Integrated Revolutionary Organizations (IRO), the precursor of the Communist Party of Cuba, was formed by the merger of Fidel Castro’s 26th of July Revolutionary Movement and the People’s Socialist Party.S.-dollar credit at a very low interest (2.5 %) and promised to sell oil to Cuba below world market prices.This enabled Cuba to once again rely on its sugar industry to buoy the Cuban economy because of Russia’s guarantee of a stable market and further economic aid.Castro’s political shift could be seen as one of economic necessity.After the revolution, the Cuban middle class, dissatisfied with the new leadership’s political course, fled Cuba.

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