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The Soviet Union provided up to US$5.7 billion in debt to Cuba by 1979 (Eskein, 514) and these loans were given with more relaxed regulations than Western government loans with larger interest rates and longer pay-back periods. As a result of financing from and affiliation with the Soviet Union, Cuba was forced to buy imports of lesser quality from the Soviet Union that were more expensive than imports from countries like the United States (Eskein, 510)...
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As a result of financing from and affiliation with the Soviet Union, Cuba was forced to buy imports of lesser quality from the Soviet Union that were more expensive than imports from countries like the United States (Eskein, 510). Cuba entered into other indebted and dependent relations, which would later threaten the independence of Cuba in issues of the economy and trade, with western investors in the 1970's...
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