MOSCOW, Russia – Trade between Cuba and Russia increased 28.7 percent in the first eleven months of last year compared to the same period in 2017, the Russian Federal Customs Service said.

The two countries exchanged goods worth almost $348 million between January and November 2018. In the same period of 2017, mutual exports between Russia and Cuba were estimated at $270.3 million.

Cuba exported to Russia between January and November 2018, products valued at US $13.3 million, increasing its exports by 4.2%, compared to sales in the same period of 2017, valued at US $12.8 million of dollars.

Russia, on the other hand, increased its exports to Cuba by nearly 30 percent from $257.5 million in January-November 2017 to $334.6 million in the same period in 2018.

Cuba’s share of Russia’s foreign trade remains unchanged at 0.1 percent.

In October last year it was revealed that Russia would lend Cuba more than $50 million for purchases of Russian military equipment, the Russian daily Kommersant reported, citing two sources in the area of ​​technical and military cooperation of the two countries, said at the time.

- Advertisement -

“Together with this agreement, a set of general economic documents and agreements initiated by Russia’s finance ministry will be signed, but with other values,” a source familiar with the negotiations said last October.

Also announced last October was a mobile data-reception system for Russian Earth observation satellites that will be installed in Cuba before the end of April 2019, according to tender documentation from the Russian Federal Space Agency (Roscosmos), disclosed on the bidding website.

Roscosmos indicated that the mobile system was created in 2015, having completed state tests. The installation and start of work must be completed by April 30, 2019. It will receive data from Resurs-P, Canopus-B and Canopus-V-IK optical observation spacecraft with infrared camera and then transmit them to Moscow via the Luch geostationary satellite by cryptography.

In addition, Roscosmos plans to install fixed data reception stations in the Russian region of Chukotka and the Russian Progress station in Antarctica next year.

The Resurs-P spacecraft consists of three devices and is capable of capturing images of designated regions with a resolution of 0.7 meters in visible bands and near infrared.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.