MENATEP-IMPEX TO DELIVER OIL TO CUBA.

Publication: Monitor Volume: 1 Issue: 161

Russia’s Menatep-Impex company is now supposed to begin delivering oil to Cuba beginning in January 1996, two months later than originally planned. The delay was caused by a shortfall in Cuba’s sugar cane crop, which prevented Castro’s government from delivering raw sugar to Russia as scheduled. Last June Menatep-Impex together with Alfa-Eko, another Russian company, won the tender for a sugar-for-oil deal under which Russia pledges to supply Cuba with three million tons of oil in exchange for one million tons of raw sugar. (7)

Air Traffic Controllers Postpone Strike.