{"id":25083,"date":"2023-06-20T14:20:25","date_gmt":"2023-06-20T18:20:25","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/cuban-officials-return-from-russia-with-promises-of-oil-renewed-tourism\/"},"modified":"2023-06-20T14:20:26","modified_gmt":"2023-06-20T18:20:26","slug":"cuban-officials-return-from-russia-with-promises-of-oil-renewed-tourism","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=25083","title":{"rendered":"Cuban officials return from Russia with promises of oil, renewed tourism"},"content":{"rendered":"<div>\n<p>HAVANA (Reuters) &#8211; A delegation of high-level Cuban officials wrapped up an extended visit to Russia, according to state-run media reports on Tuesday, following up on the nearly 30 trade agreements signed between the allies in Havana in May.<\/p>\n<p>Longtime political allies Cuba and Russia &#8211; both subject to U.S. sanctions &#8211; have sharply increased economic ties by facilitating trade and investment to circumvent those restrictions.<\/p>\n<p>The 11-day trip by Cuban Prime Minister Manuel Marrero and Foreign Vice Minister Gerardo Penalver came on the heels of a trade forum in May in which the allies agreed to work together to boost Cuba\u00b4s sugar and rum exports, assure coveted wheat and  supply to the Communist-run island and overhaul crumbling tourist facilities.<\/p>\n<p>&#8220;We must look for new avenues to carry out our economic relations outside the scope of &#8230; the (U.S.) dollar, which is giving way more and more to a multipolar world, and where other actors such as China, India and Russia acquire greater relevance,&#8221; Penalver told state-run media outlet CubaDebate upon returning to Havana.<\/p>\n<p>Marrero met with his Russian counterpart Mikhail Mishustin as well as with Russian President Vladimir Putin in Moscow.<\/p>\n<p>Communist-run Cuba has been under a wide-reaching U.S. trade embargo since shortly after Fidel Castro\u00b4s 1959 revolution. Those restrictions, reinforced by then-U.S. President Donald Trump, have contributed to a nearly unprecedented economic crisis that has led to shortages of food, fuel and medicine.<\/p>\n<p>Russia is ready to supply Cuba with 1.64 million tonnes of oil and oil products annually, Russian news agencies reported last week, citing Marrero.<\/p>\n<p>Fuel, especially, has been in short supply in Cuba since March, forcing the government to ration and prompting day\u00b4s long queues for gasoline, further crippling the economy.<\/p>\n<p>Penalver said the second half of 2023 would see Russian airline Aeroflot renew flights to the island and bring 1,200 employees of Russian state-run oil firm Rosneft to relax and receive medical check-ups. <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/commodities-news\/cuban-officials-return-from-russia-with-promises-of-oil-renewed-tourism-3109319\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HAVANA (Reuters) &#8211; A delegation of high-level Cuban officials wrapped up an extended visit to Russia, according to state-run media reports on Tuesday, following up on the nearly 30 trade agreements signed between the allies in Havana in May. Longtime political allies Cuba and Russia &#8211; both subject to U.S. sanctions &#8211; have sharply increased [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-25083","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cuban officials return from Russia with promises of oil, renewed tourism | iFintechWorld<\/title>\n<meta name=\"description\" content=\"HAVANA (Reuters) - A delegation of high-level Cuban officials wrapped up an extended visit to Russia, according to state-run media reports on Tuesday,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=25083\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cuban officials return from Russia with promises of oil, renewed tourism | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"HAVANA (Reuters) - 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