Cash-strapped Cuba has offered to pay its old debt to the Czech Republic with goods it can spare, including its coveted rum, the Czech finance ministry said. Czech media put the Cuban debt at about seven billion koruna (260 million euros), but the ministry said it had yet to tally the total sum as talks on the repayment had only started late last year.
The debt is largely the legacy of business ties between Cuba and Czechoslovakia, which split into the Czech Republic and Slovakia in 1993, four years after shedding four decades of totalitarian Communist rule. The Czech Republic -- a country with the highest per capita beer consumption in the world -- had imported 892 tonnes of Cuban rum worth 53 million koruna (two million euros, dollars) in 2015. If the entire debt were repaid in rum, the Czechs would have enough rum for 130 years at this pace. But the ministry is against such a solution.
