Economic Cooperation Of Russia And Cuba In The Modern Stage

Abstract

Russian-Cuban economic and trade relations have a long path of historical development, during which there were periods of both intensive cooperation and a reduction in trade and economic support. After the collapse of the USSR, the leadership of the Russian Federation stopped supporting Cuba, which negatively affected Russia's international influence in the region. Cuba owed the Russian Federation, as the legal successor of the USSR, a significant debt, however, the Russian leadership did not use it either as an aspect of political and economic influence, or as a form of a possible investment mechanism. Declarative statements on the continuation of cooperation remained largely unfulfilled. Currently, there is a return to the active economic policy of Russia in the Western Hemisphere, and Cuba, whose economic and scientific development is largely due to Soviet support in the second half of the 20th century, continues to be a priority partner of the Russian Federation. The most promising areas of economic cooperation between the Russian Federation and the Republic of Cuba are currently the spheres of energy, transport, medicine and biotechnology, tourism, in which there is significant potential associated both with the history of union relations established in the second half of the 20th century, and with geopolitical interests of both states.

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Publisher

European Publisher

First Online

25.09.2021

Doi

10.15405/epsbs.2021.09.02.108

Online ISSN

2357-1330