HAVANA, September 28 (RIA Novosti) - Russia will provide Cuba with a 10-year $355 mln loan with interest at 4% per year, Russia's prime minister said Thursday.
Mikhail Fradkov signed a Russian-Cuban intergovernmental agreement earlier Thursday.
He said the credit will be used to finance the delivery of Russian goods and services to the socialist Caribbean country in 2006-08.
Fradkov said the intergovernmental agreement identified seven areas in which the credit will be used: investment cooperation projects, modernization of Cuba's energy sector, reconstruction of water conservation facilities and railroads, the design and delivery of air navigation systems, and the modernization of the transportation system.
