Connect with us

Hi, what are you looking for?

Trade Relations

Vice-President of Russia on an Official Visit to Havana

russia-official-visit
Russia's VP Yuri Borísov is on an official visit to Havana. Photo: Twitter

On Thursday, Cuba’s President, Miguel Díaz-Canel Bermúdez, received the Vice-President of Russia and co-chairman of the Russian-Cuban Intergovernmental Commission for Economic-Commercial and Scientific-Technical Collaboration, Yuri Borísov. Vice-President Borisov is on an official visit to Havana to attend the XVIII Session of the Commission.

During the meeting, the excellent state of bilateral relations between Russia and Cuba was acknowledged and economic, commercial, and cooperative ties reviewed. President Díaz-Canel sent greetings to the Russian President, Vladimir Putin.

Vice-President Borisov was accompanied by the Deputy Ministers of Economic Development and Finance, Vladimir Ilichev and Timur Maksimov; Andrey Guskov, the Russian Ambassador to Cuba; and Nikita Valerievich Gusakov, Director General of the Russian Export Insurance Agency (EXIAR).

The Cubans were represented by Prime Minister Manuel Marrero Cruz, Deputy Prime Minister Ricardo Cabrisas Ruiz, as well as the Ministers of Foreign Affairs and Foreign Investment, Bruno Rodríguez Parrilla and Rodrigo Malmierca Díaz, respectively.

Advertisement. Scroll to continue reading.

Russia is developing a broad investment plan in Cuba that includes strategic sectors such as railway transportation and electric energy production.

The Russian government is supporting the modernization of the entire railroad network in Cuba with an investment of around $2 billion.

Related News:

Russia is working with Cuba in the installation of four energy blocks of 200 MW each to be installed in the western region (Mariel 1 and Santa Cruz 3). This investment is worth about 2.5 billion Euros and should shield the Island’s energy capacity to guarantee its development needs in the near future.

Likewise, Russia has established investment projects in other sectors of the Cuban economy such as metallurgy, iron and steel, automotive transport, educational collaboration and in the fields of science and biopharmaceuticals.

Advertisement. Scroll to continue reading.

Related News:

Foreign Investment in Cuba

Russian trading house RusMarket announced plans to open its first store in Cuba in collaboration with the CIMEX Corporation. The joint venture will launch...

Trade Relations

Officials of Cuba and Russia have signed a trade and economic agreement until 2030. Russia’s Deputy Prime Minister Dmitry Chernyshenko and Cuban Deputy Prime...

Foreign Investment in Cuba

The Cuba-Russia Business Forum and the 11th meeting of the Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation begins today in Havana until...

Foreign Investment in Cuba

Russian and Cuban representatives highlighted the importance of the meetings which were held between the two countries’ business leaders and officials during Maxim Oreshkin’s...

error: This content is copyright protected.