Posted 3/19/2024, 3:30:00 AM
Russia Bolsters Economic Ties With Cuba Amid Western Sanctions
- Russia is expanding economic and trade ties with Cuba, an longtime ally facing economic crisis
- Over 100 Russian companies across sectors like energy, banking and agriculture have started operations in Cuba recently
- Some Russian banks are considering opening offices in Cuba to boost bilateral trade
- Trade partnership aimed to strengthen relations between Russia and Cuba as Russia pivots to alternative markets
- Cuba provides economic opportunities for Russia as it faces Western sanctions over Ukraine invasion