{"id":200727,"date":"2019-06-15T18:50:05","date_gmt":"2019-06-15T22:50:05","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=200727"},"modified":"2019-06-15T18:50:05","modified_gmt":"2019-06-15T22:50:05","slug":"sherritt-ratifies-cubas-commitment-to-pay-its-debt-to-the-company","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/sherritt-ratifies-cubas-commitment-to-pay-its-debt-to-the-company\/","title":{"rendered":"Sherritt ratifies Cuba’s commitment to pay its debt to the company"},"content":{"rendered":"

A <\/span>press release<\/span><\/a> by Sherritt International ratified that its Cuban partners “have formally ratified an overdue receivables agreement for repayment of amounts owed” worth 150 million dollars, of which they have made the first monthly payment of 2.6 million.<\/span><\/p>\n

According to Sherritt, the amounts owed by Cuba include a loan provided by Sherritt to fund the expansion of power production facilities at Boca de Jaruco.<\/span><\/p>\n

“Ratification of the overdue receivables agreement by our Cuban partners is an important step in addressing our Cuban receivables issues,” said David Pathe, President and CEO of Sherritt International.<\/span><\/p>\n

“We would like to thank our Cuban partners and government officials for their efforts in ratifying the agreement in light of recent geopolitical developments that have impacted the country. We continue to work with our Cuban partners to try to ensure that current receivables are paid on a timely basis,” continued Pathe.<\/span><\/p>\n

D\u00edaz-Canel and Sherritt CEO confirm stability of investments<\/a><\/p><\/blockquote>\n