By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Commodities > Cuban officials return from Russia with promises of oil, renewed tourism
Commodities

Cuban officials return from Russia with promises of oil, renewed tourism

News Room
Last updated: 2023/06/20 at 2:17 PM
By News Room
Share
2 Min Read
SHARE

HAVANA (Reuters) – A delegation of high-level Cuban officials wrapped up an extended visit to Russia, according to state-run media reports on Tuesday, following up on the nearly 30 trade agreements signed between the allies in Havana in May.

Longtime political allies Cuba and Russia – both subject to U.S. sanctions – have sharply increased economic ties by facilitating trade and investment to circumvent those restrictions.

The 11-day trip by Cuban Prime Minister Manuel Marrero and Foreign Vice Minister Gerardo Penalver came on the heels of a trade forum in May in which the allies agreed to work together to boost Cuba´s sugar and rum exports, assure coveted wheat and supply to the Communist-run island and overhaul crumbling tourist facilities.

“We must look for new avenues to carry out our economic relations outside the scope of … the (U.S.) dollar, which is giving way more and more to a multipolar world, and where other actors such as China, India and Russia acquire greater relevance,” Penalver told state-run media outlet CubaDebate upon returning to Havana.

Marrero met with his Russian counterpart Mikhail Mishustin as well as with Russian President Vladimir Putin in Moscow.

Communist-run Cuba has been under a wide-reaching U.S. trade embargo since shortly after Fidel Castro´s 1959 revolution. Those restrictions, reinforced by then-U.S. President Donald Trump, have contributed to a nearly unprecedented economic crisis that has led to shortages of food, fuel and medicine.

Russia is ready to supply Cuba with 1.64 million tonnes of oil and oil products annually, Russian news agencies reported last week, citing Marrero.

Fuel, especially, has been in short supply in Cuba since March, forcing the government to ration and prompting day´s long queues for gasoline, further crippling the economy.

Penalver said the second half of 2023 would see Russian airline Aeroflot renew flights to the island and bring 1,200 employees of Russian state-run oil firm Rosneft to relax and receive medical check-ups.

Read the full article here

News Room June 20, 2023 June 20, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Elon Musk asks Tesla investors to approve $1T pay package, rising oil prices pressure bonds

Watch full video on YouTube

Why beef prices are out of control in the U.S.

Watch full video on YouTube

Yahoo Finance: Market Coverage, Stocks, & Business News

Watch full video on YouTube

How A Million Miles Of Undersea Cables Power The Internet — And Now AI

Watch full video on YouTube

Tesla bull Dan Ives talks why he’s still bullish, AT&T COO talks wireless competition

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

Commodities

Russia mulls extra tax for some commodities exports, including metals – sources

By News Room
Commodities

Gold prices tumble as Fed talks higher rates

By News Room
Commodities

Crude oil prices endure downturn amid U.S. interest rate hike anticipation

By News Room
Commodities

China approves export licences for chip materials gallium, germanium

By News Room
Commodities

European energy crisis: ECB, IEA and EIB to strategize on systematic transition amid soaring prices

By News Room
Commodities

Federal Reserve interest rate signals prompt oil price dip

By News Room
Commodities

Oil prices inch closer to $100 per barrel amid inflation concerns

By News Room
Commodities

Brent Crude Prices May Hit $120 per Barrel, Warns JPMorgan

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?