“Russia’s Growing Influence in Cuba: Investment Opportunities and Political Alliances”

2023-05-24 11:58:58


Seeking new trading partners and political allies since the invasion of Ukraine, Russia is getting ever closer to Cuba. Greater proximity could also be beneficial to the island, which, in the grip of its worst economic crisis since the fall of the Soviet bloc, is in dire need of investment.

Since the beginning of 2023, the visits of high Russian representatives have followed one another on the island. After Security Adviser Nikolai Patrushev and the CEO of the state oil company Rosneft in March, the head of diplomacy, Sergei Lavrov, visited Cuba in April.

Havana also welcomed Vladimir Putin’s Economic Advisor, Maxim Orechkin, the representative of Russian entrepreneurs to the Kremlin, Boris Titov, as well as Deputy Prime Minister Dimitri Chernychenko.

The latter presented a few days ago in Havana a “roadmap” to accelerate cooperation with Cuba while representatives of about fifty Russian companies were on the island to explore investment opportunities.

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