The MAYOR: the trade turnover between Russia and Cuba is a billion dollars

The MAYOR: the trade turnover between Russia and Cuba is a billion dollars


Russia and Cuba are taking new higher rates. One of the directions of development of relations is the formation of mechanisms to support trade and investment, as in the area of interstate cooperation, and collaboration among the various development institutions.

HAVANA, 9 Nov. Oleg Vyazmitinov. Prospective volume of trade between Russia and Cuba is $ 1 billion, said in an interview with first Deputy Minister of economic development of Russia Alexei Likhachev.

The delegation of the Russian Federation participates in the Havana International fair, which opened on Monday. Within the Russian-Cuban business forum. In addition, there are working groups the Ministry of economic development and Ministry of industry and trade, on which there is a discussion of the priority and promising projects.

“Russian-Cuban economic cooperation is developing actively, but does not yet meet the level of political relations, given the long friendship of our peoples and the trust that characterizes relations between the leaders of our countries”, — said Likhachev. Therefore, according to him, to meet specified high standards, it is necessary to continue serious work in several areas.

Among these areas, he said, “trade expansion and access to higher rates in the future — a billion dollars”. In addition, the necessary “implementation of the mutual interest in cooperation between Russian and Cuban companies.”

In particular, Likhachev explained, it is about engaging in B2B negotiations (business to business) greater number of Russian companies (primarily technology-related manufacturing processes, construction and infrastructure facilities) and Cuban involved in the supply not only of goods but services — medical and travel.

The third area is the formation of mechanisms to support trade and investment, as in the area of interstate cooperation, and collaboration among the various development institutions, he said.