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.
First published by TASS.
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