Russia has announced over one billion dollars in investments for Cuba by 2030, targeting critical sectors like electricity, agriculture, and public lighting. The commitment, confirmed by Deputy Prime Minister Dmitry Chernyshenko, signals deepening economic ties between Havana and Moscow.
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To ease the path, Russia plans to subsidize interest rates for its entrepreneurs operating in Cuba.
This strategy includes increasing Russian tourism to Cuba, with an aim to establish the island as a top destination for Russian travelers. These endeavors reflect Russia’s interest in solidifying its presence and influence in Cuba, especially in light of its own geopolitical isolation following its actions in Ukraine.
While labeled as a move to support Cuba’s economic independence, the investments also enhance Russia’s geopolitical strategy, providing it with a strategically located ally. Despite the proclaimed goal of supporting Cuban sovereignty, the dynamic underscores a complex relationship wherein Cuba may compromise some levels of economic autonomy for financial survival and political backing, especially given its ambiguous stance on international issues involving Russia.