Russian Railways May Open a Representative Office in Cuba

Russian Railways May Open a Representative Office in Cuba

Cooperation wtih Cuba in the transport sector is strategic, according to the statement issued by the Russian Ministry of Transport’s press centre following the meeting of State Secretary and Deputy Minister Dmitry Zverev with the First Deputy Minister of Transportation of the Latin American Republic Marta Rivero.

The parties noted the progress achieved by Russian Railways OJSC, Russian Railways International LLC and the Railways Union of Cuba in the work on the project for reconstruction and modernisation of railway infrastructure on the island. The recently signed supplementary agreement for design and training of Cuban personnel to the contract for reconstruction and modernisation of Cuban railway infrastructure was mentioned.

Moreover, the parties discussed the possibility to open a representative office of Russian Railways OJSC in Cuba, and development prospects in the area of maritime transport. The transition to settlements in rubles between Russia and Cuba can significantly facilitate the expansion of cooperation in the industrial sector. The transaction platform will be provided by the financial communication system of the Central Bank, and Sberbank may organise payments.

It was earlier announced that Russian Railways are ready to implement comprehensive projects in Latin American countries. Customers from this region have also consistently demonstrated their interest in Russian goods on export sales online platform. Within the last month, customers from Argentina, Mexico and Ecuador showed the most intense activity on the platform.

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