Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
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
MOSCOW, May 18 (Itar-Tass) - The entry into force of the agreement on the settlement of Cuba’s debt will boost its financial and investment rating, Federation Council Chairperson Valentina Matviyenko said upon arrival in Moscow on Saturday, May 18, after a visit to Havana.
During the visit, Matviyenko met with Cuban leader Raul Castro. They had a “very trusting” two-hour conversation, during which Castro told Matviyenko about economic reforms in the country and expressed hope for investments, including those from Russia.
Matviyenko believes that economic and social reforms in Cuba will help open up the national economy and create new conditions for cooperation with Russia.
She said Russian-Cuban relations are on the rise in all areas: in political dialogue, in interaction between ministries and agencies, and in inter-parliamentary ties.
In her opinion, energy is a promising area of bilateral cooperation. Matviyenko stressed that this sector “is of interest since Cuba has thermal power plants built with Soviet assistance” and “there are prospects for building new units and supplying equipment.”
The two countries have signed a memorandum of understanding for the supply of equipment for four new power units.
Among other areas of cooperation, Matviyenko named petrochemistry, agriculture and tourism.
She regretted that the current volume of trade with Cuba remains low but expressed hope that liberalisation and other reforms in Cuba will open up new prospects for Russian companies in that country. “Russian business has interest in Cuba,” she said.