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Russia's Medvedev In Cuba, Signals Accords, Trade Deals Will Be Signed

Updated

Russian Prime Minister Dmitry Medvedev (file photo)

Russian Prime Minister Dmitry Medvedev has arrived in the Cuban capital for a two-day visit during which he will hold talks with President Miguel Diaz-Canel, tour an energy project on the outskirts of Havana, and see how the city is overhauling its capitol building, whose golden dome came as a gift from Moscow.

According to a statement on the Russian government's website, Medvedev will discuss "topical issues of Russian-Cuban cooperation in trade, economic, investment, energy, transport, cultural, and humanitarian, and other fields."

A number of bilateral accords and commercial contracts will be signed after the talks, though no specifics were given.

Medvedev's visit comes at a time when the island country is going through a new economic crisis while under severe U.S. sanctions, AP reported.

Two areas hit hardest by the difficulties, the oil and transportation industries, may receive Russian assistance.

A key ally of the former Soviet Union, Cuba still enjoys warm relations with Russia as well as with trade partners Venezuela, China, Spain, and Canada.

Last month, Russian Deputy Prime Minister Yury Borisov said trade turnover between Russia and Cuba had increased by 34 percent to $388 million in 2018, and was expected to reach $500 million this year.

Based on reporting by TASS and AP
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