Russia will grant Cuba a loan of $50 million to buy defence equipment such as armored vehicles and helicopters.
Document approving the purchase are expected to be signed during the Cuban-Russian intergovernmental commission on trade and scientific-technical cooperation to be held in Havana tomorrow, Kommersant newspaper reported Saturday quoting unnamed Russian sources.
The Russian delegation will be headed by Deputy Prime Minister Yury Borisov. He will be accompanied by a sub-group from the Federal Service for Military-Technical Cooperation headed by Deputy Head of the Service Anatoly Punchuk.
According to the newspaper, the preliminary documents on the package of agreements in the sphere of Military-Technical Cooperation have already been signed. Moscow will grant Havana a loan of $50 million for the purchase of weapons under a series of contracts.
The purchase will include spare parts, tools and accessories, as well as facilities for previously supplied equipment, the source said. In addition, Havana plans to purchase industrial equipment under separate contracts.
In addition, a project on small arms manufacture in Cuba would also be a part of the negotiations.
The Philippine government is considering a soft loan offer from Russia for the acquisition of Kilo-class submarines, as it looks to boost the undersea capabilities of the Philippine Navy (PN). Russia has newly offered the Philippine Government an economic package to support its potential acquisition of submarines, Arsenio Andolong, the chief of public affairs at the Philippine Department of National Defense (DND), told Janes on Tuesday
Russian Helicopters plans to upgrade its maintenance center in Cuba to provide aftersales service to Soviet-era and current Russian military and commercial helicopters in Latin American and the Caribbean. After sales service provision for helicopters operated in Latin America and the Caribbean will draw on the production capacity at the Yu
Russia will supply six Mil Mi-171Sh military and transport helicopters and one Mi-171E rotorcraft to Bangladesh, according to a contract signed during last April. Russia would provide Bangladesh a $1 billion loan for the purchase of Russian helicopters
Venezuelan leader Hugo Chavez said Russia had offered his country a $2.2 billion loan to buy tanks and advanced missiles
Russia's sole aircraft carrier suffered extensive damage when a floating dry dock on which the carrier was moored for repair in Murmansk shipyard, sank on Tuesday. The damage is expected to take six months to fix and is certain to prolong the repairs schedule of the carrier, Admiral Kuznetsov which took part in the operations in Syria and is an essential part of Russia's naval prowess
Russia plans to deploy its first Avangard hypersonic intercontinental ballistic missile (ICBM) and a hypersonic glide vehicle to service by the end of 2019. "The scheduled period for placing the lead regiment on combat duty is the end of 2019
India finalises $5.46B deal for 83 Tejas Jets
Israeli Cyber-surveillance Firm NSO Buys Drone Hacking Company Convexum
Yemeni Rebels Reveal New Air Defense System
Damen Begins Construction of Nigerian Navy Landing Craft
Russian Navy Amassing Battleships in Mediterranean
Indonesia Seeks Rafale Jets, Submarines, Warships in Defence Cooperation Deal with France
Sea Ceptor Supersonic Missile Defence System Offered to Indian Navy
GA-ASI Demos Multi-Domain Operations Using Gray Eagle ER Drone
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...