Business

Cuba and Russia to boost investment relations

Maksim S. Oreshkin, presidential advisor of the Russian Federation for economic affairs, on Thursday concluded his official visit to Cuba after the signing of a Memorandum of Understanding for bilateral investment initiative.

The Memorandum, reached by the Deputy Prime Minister and Minister of Foreign Trade and Foreign Investment Ricardo Cabrisas, includes business projects agreed with the Russian side to expand relations between the two countries.

At the meeting, the high-ranking officials praised the significance of talks between executives and businessmen of the two nations in order to strengthen economic relations, the Cuban News Agency (ACN) reported Thursday.

Both discussed major issues of interest to promote Russian investors´ effective involvement in Cuba’s Economic and Social Development Program through 2030, in priority sectors like energy, tourism and food production.

Cabrisas stressed these contacts and those held by the Cuban and Russian leaders are in line with the excellent state of bilateral relations.

He pointed out there is a political willingness from both governments to make accelerated progress in the economic and commercial sectors for the mutual benefit of their peoples.

Source: Lao News Agency