Cuba attracts more Russian investors with right to long-term land use and import tariff exemption
Russian and Cuban officials and business leaders Wednesday announced new perks to entice Russian investors into the Cuban market. The remarks came at Cuba-Russia Business Dialogue forum, uniting more than 100 delegates in industries, logistics, education and agriculture.
Cuba in recent months has sought to win over Russian investors to shore up its devastated economy, hurt by coronavirus pandemic, long-time US is also in Russia’s interest as Moscow is under Western sanctions over Ukraine conflict, and the country is turning to strengthen economic ties with Latin American countries.
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