Cuba Offers Sweet Terms To Expand Economic Ties With Russia
View Source | May 19, 2023 8:34 am
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- The Havana regime offered the right to use Cuban land for 30-year terms to Russian companies, in an unusual concession for foreign investors, a move that was revealed this week during a meeting between businessmen and officials from both regimes.
- Boris Titov, head of the Russian delegation of the Cuban-Russian Business Committee, told a businessmen’s forum in Havana that the Cuban regime decisively opened the door to investment, according to a report published by Reuters.
- Titov also said Cuba would exempt Russian companies from import tariffs on certain technology and allow them to repatriate their profits, a rare benefit in the context of Cuba’s communist-dominated economy.
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