MADRID, Spain.- The Cuban regime and Russia signed a memorandum of mutual understanding on Thursday for the implementation of the bilateral Investment Initiative that includes the projects agreed between both countries.
The document was signed, on the Cuban side, by the Vice Prime Minister and head of the Ministry of Foreign Trade and Foreign Investment (Mincex), Ricardo Cabrisas; while for Russia it was signed by Maksim S. Oreshkin, presidential adviser of the Russian Federation for economic affairs.
Quoted by the official mediaRicardo Cabrisas declared that “these contacts and those held by the top leaders of Cuba and Russia are in correspondence with the excellent state of bilateral relations, and there is the political will of both governments to advance rapidly in the economic-commercial sphere, for the mutual benefit of their peoples.
The dialogue between both ministers included issues to promote the participation of Russian investors in the implementation of Cuba’s Economic and Social Development Program until 2030, in sectors such as energy, tourism, food production, civil aviation infrastructure, the sugar industry and mining.
With the signing of this memorandum, Maksim S. Oreshkin’s visit to Cuba concluded.
In recent days he also visited the Island Vyacheslav Volodin, President of the State Duma (Lower House) of Russia, invited by the President of the National Assembly of People’s Power, Esteban Lazo.
During his stay, Volodin indicated that his visit was an “expression of the excellent state of relations between the Russian Federation and Cuba.”
As he thanked the reception and appreciated: “The contacts between Vladimir Putin and Miguel Díaz-Canel give dynamism to the development of our cooperation, and our task is, together with the members of the Cuban Parliament, to do everything possible to implement the approved decisions” .
It is worth noting that Russia is the second commercial partner of the Cuban regime in the region and the fifth globally.
