The AGENCY forecasts a doubling of trade between Russia and Cuba

The AGENCY forecasts a doubling of trade between Russia and Cuba


Export insurance Agency of Russia (JSC “EKSAR”) informs about 65 projects, which Moscow is going to implement in the territory of Cuba.

HAVANA, 3 Nov. Oleg Vyazmitinov. The volume of Russian-Cuban trade turnover in 2016 will be doubled, predicts export insurance Agency of Russia (JSC “EKSAR”), support Russian-Cuban projects.

EXIAR was one of the organizers of the business mission of Russian exporters in the framework of which opened on Monday in the Cuban capital Havana International fairs.

The General Director of the Russian company Alexey Tyupanov who spoke during the Russian-Cuban business forum, said that in recent months this year in Russian-Cuban cooperation has made significant progress forward.

“To date we have implemented with our support 65 projects in Cuba. So far total projects amounted to 40 million euros, but now we are considering 19 projects for a total amount of 210 million euros,” said Tumanov.

“For comparison, € 210 million is approximately the entire volume of Russian exports to Cuba in 2014. We can confidently say that in 2015-16 year figures of trade turnover of Russia with Cuba we can at least double”, — said General Director of the company.

Russian business forum is held within the framework opened Monday in Havana International fairs. A special place at the fair is the Russian part. The delegation of the Russian Federation — one of the most numerous. It includes over 50 participants, including representatives of Russian relevant agencies (Ministry of economic development, Ministry of industry and trade) and large companies (“EXIAR”, “INTER RAO — Export”, “Gazprombank”, “Group GAZ”, “KAMAZ”, “EvrazHolding” and others). Presented and companies that work in Cuba, in particular, “Zarubezhneft”.