Russian government delegation to visit Cuba in May

A delegation of the Russian government will visit Cuba in May as per the statement of the First Deputy Minister of Industry and Trade of Russia Vasiliy Osmakov.

Moscow, Apr 10: A delegation of the Russian government will visit Cuba in May with the goal of promoting the development of bilateral economic cooperation, First Deputy Minister of Industry and Trade of Russia Vasiliy Osmakov said on Monday.

“In order for Cuba to become not only a political but also an economic project, it is necessary to change the legislation there in a way to make it preferential for Russian investors,” Osmakov told the Russian lower house.

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This “project” will also require long-term financing and a facility to make it possible for Cubans to get revenue in rubles, the Russian official said, pointing out that this was an approach suitable for all “difficult markets.”

“It is a kind of a triple project, which we will head to put together in May,’ the official said.

In November, Russian President Vladimir Putin met his Cuban counterpart Miguel Diaz-Canel in Moscow to discuss various areas of bilateral cooperation.
The 19th session of the Russian-Cuban interdepartmental commission on cooperation in trade, economy, science and technology ended in November with an agreement on cooperation in higher education.

In January, the Cuban president met with a delegation of Russian entrepreneurs in Havana to follow up on agreements reached during his November visit to Moscow.