Trade Relations

Russia’s FM Begins Latin American Tour

Sergei Lavrov, Russia's Foreign Minister: Photo: NDTV

Russia’s Foreign Minister, Sergei Lavrov, begins an official tour of Latin America today with stops in Cuba, Mexico, and Venezuela.

While in Cuba, Minister Lavrov’s will pay tribute to Cuba’s national hero, José Martí, and former President Fidel Castro, at the Santa Ifigenia cemetery.

His agenda will include meeting with Foreign Minister, Bruno Rodríguez Parrilla, in the eastern city of Santiago de Cuba. The two Ministers will discuss the intensification of sanctions against Cuba by the United States, among other items.

The two foreign ministers last met in July in Havana to discuss items on the international agenda, the defense of peace and the role of global institutions.

Advertisement. Scroll to continue reading.

Russia and Cuba share increasing economic and commercial links via development of joint projects.

Trade between the two nations stood at $550M US last year.

Current Russia projects in Cuba include the repair and modernization of railroads, power generators manufacturing, the training of experts, medical cooperation and other sectors. Russian tourism to Cuba is on the rise.

Advertisement. Scroll to continue reading.

Related News:

Foreign Investment in Cuba

Russia will provide funding of $1 billion dollars for investment projects in Cuba, according to Dmitry Chernyshenko, deputy prime minister of the Russian cabinet....

Banking

Russia’s Novikombank, a subsidiary of the Rostec company, officially opened in Havana. The move is a step to strengthening and securing financial exchanges, despite...

Economic Development

As a result of the American financial sanctions and blockade, Cuba today has limited economic capabilities. The ability to import, export and carry on...

Health Care Sector

The Russian Direct Investment Fund (RDIF) will invest over 11.2 million dollars to develop innovative pharmaceutical drugs against geriatric and oncological diseases with BioCubaFarma....

Copyright © 2023 Cuba Business Report.

Exit mobile version