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March 29, 2023
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Russia will sell products in Cuba through a joint venture

Cuba, Rusia, alimentos, Boris Titov

MADRID, Spain.- Russia will sell food, chemical products and household products in Cuba through a joint venture with the state corporation CIMEX, owned by the business group of the Cuban military GAESA.

The announcement was made this Tuesday from Moscow by Boris Titov, one of Vladimir Putin’s economic advisers.

“Many Russian manufacturers are interested in promoting their products in Cuba. We hope that the new commercial house will be a unified wholesale importer of products and independently determine the prices in the retail market of the Caribbean nation,” said Titov, quoted by the official party. Latin Press.

According to the information, the Cuban regime has already given its approval and the contract will be signed.

The official press did not specify in what currency the products will be sold to Cubans in the future market; but presumably, as is the case with the rest of the GAESA stores, the sale will be in MLC, a currency that only those who receive remittances from abroad have access to.

Last January Boris Titov, in a meeting with President Miguel Díaz-Canel, announced the creation of a Center for Economic Transformation in Cubaadvised by the Stolypin Institute for Growth Economics, a think tank created in 2016 named after Piotr Stolypin, who was Tsar Alexander II’s prime minister and interior minister until his death in an attack by revolutionaries , in 1911.

After transcending these claims by both governments, the journalist and collaborator of CubaNet Luis Cino considered that if Putin’s Russia will be the model of the reforms that the Cuban bosses intend to undertake, privatizations will come and the military of the FAR and MININT will become businessmen.

“The problem is that, unlike Russia, where there was a lot to steal, in Cuba, after 64 years of disasters, there will hardly be anything to share. If anything, little more than the remittances from emigrants, the money from tourism and rented doctors,” Cino explained.

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