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222 words - February 22, 2013 | © DiploNews, all rights reserved.
Russian Prime Minister Dmitry Medvedev has been visiting Brazil for two days and he finally landed in Cuba, a longtime ally of Russia with whom the ties date from the Cold War era. Being Cuba's 9th most important trade partner with barely USD 220 million in trade in 2011, Moscow is keen on reviving bilateral cooperation with the Havana.
Remembering it has been Cuba's main partner for 30 years before 1991, Russia took the landmark decision to write off a large part of Cuba's Soviet-era USD 30 billion debt, said Russian Trade and Industry Minister Denis Manturov. His colleague Deputy Foreign Minister Sergei Ryabkov and Deputy Head of Cuba's Council of Ministers Ricardo Cabrisas both signed the agreement, in presence of Mr Medvedev and Cuban President Raul Castro.
"Raul and Medvedev held a cordial meeting that reviewed the excellent state of bilateral relations and reaffirmed their political will to continue deepening ties in investment, trade, tourism, health, education, science and culture," according to a statement read on local television. After the two officials signed 10 unspecified bilateral agreements, Mr Medvedev visited the 22nd Havana International Book Fair.
According to DiploNews, one agreement is to increase bilateral cooperation on undersea oil exploration in which Russian company Zarubezhneft is already taking part.
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