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Russia writes off Cuba's Soviet-era debt, aims to revive strong bilateral
222 words - February 22, 2013 | © DiploNews,
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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
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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