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Cuban President Miguel Díaz-Canel Bermúdez (r-standing) and Russian Prime Minister Dmitry Medvedev (l-standing), observe the signing of a bilateral agreement between the two countries in Havana, on October 3, 2019. Photo: Ernesto Mastrascusa / POOL / EFE.

Trade between Cuba and Russia grows in 2019

In 2019, commercial exchange between Cuba and Russia exceeded 500 million dollars, Cuban ambassador in Moscow Gerardo Peñalver Portal said to Sputnik. “We concluded last year with a commercial exchange of 450 million dollars, and this year (2019), with the last months registering a very strong take off in the commercial exchange, we are already going to exceed 500-550 million dollars,” he said in an interview he gave to Sputnik. The Cuban diplomat recalled that in 2013 bilateral trade stood at 180 million dollars, and then with the visit to Cuba of Russian Prime Minister Dmitry Medvedev, the latter set the goal of increasing trade volumes between the two countries. Thus, the increase in Cuban-Russian trade exceeds 67% in recent years, which Peñalver highlighted as a stage of “revitalization of the dynamics of relations between Cuba and Russia, especially in the economic-commercial sphere, as well as in political dialogue, scientific-technical cooperation.” He noted that the bilateral economic agenda from 2012 to 2020 signed by Cuba and Russia “has been fulfilled practically in all its magnitude.” Multifaceted cooperation The ambassador said that Cuba has “a multifaceted cooperation with Russia.” “We have very strategic collaboration projects in the field of automotive, railroad,...

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