Trade turnover with Cuba totaled $97.9 million, said Russian trade rep

The trade turnover between Russia and Cuba totaled $97.9 million in ten months of 2021, Russian trade representative in Cuba Alexander Bogatyr told TASS.

“The exit from tough anti-COVID restrictions gradually returns the life of people and functioning of the economy to a normal path. Indeed it is still far from the ‘as it was’ state in Cuba just as globally but the process is underway. Cuba’s GDP dropped by 11% in 2020, and is expected to grow by about 2% in 2021. Our trade turnover with Cuba totaled $97.9 million over ten months of this year, which is 14.5% less than in the like period of the last year,” the trade representative said.

Reforms underway in Cuba open opportunities to develop trade with Russia, he added.