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Russia to Step Up Trade, Investments in Cuba
Russia’s Vice Premier Igor Sechin, who is in Cuba on a working visit now, and his Cuban colleague Ricardo Cabrisas have deliberated on extending the trade and economic ties and investments of the countries, Granma edition reported. Sechin and Cabrisas co-chair the intergovernmental commission of Cuba and Russia.
Cuba is one of the key partners of Russia in Latin America, Sechin said after the talks, pointing out that the trading and economic relations of the countries should be brought to the height equal to political ties.
Oil, tourism, public health, nickel production, telecommunication and nanotechnology are the most promising fields for cooperation of Cuba and Russia, according to Cabrisas.
Russia’s turnover with Cuba was $363 million past year. It stepped up by 20 percent to above $207 million in the first half of this year. In 2006, Russia granted to Cuba the loan of $355 million to buy vehicles and fund the progress in energy infrastructure. In return, Havana undertook to buy three Il-96-300s and three Tu-204s in Russia.
During his tour to Cuba (that started yesterday), Igor Sechin will visit a number of facilities of that country’s economy and meet with Cuban leadership.
www.kommersant.com
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