Several Russian banks planned to open branches in Cuba, and three applied to the Central Bank of the Republic. In this respect Wrote TASS agency referred to the statement made by the head of the Russia-Cuba Council, Commissioner for the Protection of Entrepreneurs’ Rights, Boris Titov, during the Russian Presidency.
“The Cuban side has confirmed that it is interested in registering branches of Russian banks. “The Cuban Central Bank already has three applications from Russian banks,” he said.
In addition, Havana and Moscow plan to create joint credit institutions to finance small and medium-sized businesses on the island. According to Titov, the number of entrepreneurs in Cuba is increasing and they need their own professional banks.
Andrey Korneev, Deputy Minister of Education of Russia in the first half of May declarationA center for the teaching of the Russian language will be opened in Havana.
Esteban Lazo Hernandez, President of the National Assembly of Cuban People’s Power, in the second half of April expression Gratitude to Russia for its support and Western blockade during the pandemic.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.