Cuba rolls out red carpet for Russian business in push to deepen economic ties

Boris Titov, head of the Russian delegation of the Cuban-Russian Business Committee, shows a product to Cuba's Foreign Trade and Investment Minister Ricardo Cabrisas in Havana, Cuba, May 17, 2023. REUTERS/Alexandre Meneghini

Russian and Cuban officials and business leaders on Wednesday announced new perks to entice Russian investors into the Cuban market, the latest sign of fast-growing economic ties between the two long-time political allies.

Boris Titov, head of the Russian delegation of the Cuban-Russian Business Committee, told a forum of Russian entrepreneurs in Havana that Cuba had decisively opened the door to Russian investment.