Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrive in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
Russian top diplomat shares his impressions from meeting with US leaderRussian Politics & Diplomacy July 21, 20:31
HAVANA, November 3. /TASS/. Russian-Cuban economic relations are moving to a new level, Alexey Tyupanov, the director general of the Export Insurance Agency of Russia (EXIAR) told TASS on Monday.
He is taking part in the opening of the ‘Russian-Cuban Business Forum’ business mission.
"Russian and Cuban businessmen have fairly enthusiastic moods," Tyupanov said, adding that Russian exports to Cuba had grown 60% from January through August 2015.
"That’s a nice figure if you consider the small enough size of Cuban economy," he said.
"Russia’s total exports in the above period totaled $ 190 million — a figure that’s big enough for Cuban economy," Tyupanov said. "After we established a channel for financing the Russian supplies to Cuba, the companies come to the business mission to get real contracts."
This year, agreements with three Cuban banks — Banco Exterior de Cuba, Banco National de Cuba and Banco International de Comercio — were signed at a session of the Russian-Cuban intergovernmental commission in Kazan. They envision the opening of credit line to the tune of 100 million euro.
The opening of the Russian-Cuban Business Forum mission took place on the sidelines of the 33rd international multi-industry exhibition and fair FIHAV 2015 that opened here on Monday. Taking part in it are more than 900 companies from over seventy countries, including Russia.