Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Russian Oil for Sugar

Russia and Cuba have reached an accord to exchange 2.5 million metric tons of crude oil for 1 million metric tons of Cuban sugar cane, Interfax said Tuesday.

The oil-for-sugar exchange will not increase Russian oil exports, Interfax said. The Russian government plans to take 1.5 million tons of oil from shipments allocated for other countries outside the former Soviet Union, while the remainder will come from supplies originally earmarked for former republics.