“Despite external pressure, Russian companies continue to expand their presence in Cuba and are ready to invest in long-term projects,” Chernyshenko affirmed during a business dialogue entitled “Russia-Cuba: Cooperation in Turbulent Conditions. Investment, Tourism, Technologies,” held within the framework of the St. Petersburg International Economic Forum (SPIEF 2026).

Among the promising areas of cooperation, the Russian Deputy Prime Minister mentioned the agro-industrial sector and technology. Specifically, he noted that “some 90 Russian companies are interested in exporting meat, dairy, and fish products to Cuba.”

Furthermore, he emphasized that Russia can offer the Latin American country solutions in the areas of information technology, cybersecurity, telemedicine, and business automation.

“Russia will continue to strengthen our relationship. Our partnership is destined to become an example of a new architecture for international economic cooperation,” he stressed.

For his part, Cuban Deputy Prime Minister and Minister of Foreign Trade and Foreign Investment, Oscar Perez-Oliva Fraga, affirmed that Cuba is a country in the Latin American and Caribbean region “where Russian companies can fully and confidently develop their activities.”

In addition to investments, the Cuban official highlighted that both nations have experience in confronting sanctions imposed by Western countries, particularly the United States.

Perez-Oliva noted that Cuba is open to doing business in various sectors, including energy generation, distribution, efficiency, and renewable energy sources.

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