Russia and Cuba sign agreement to assemble Kamaz vehicles

January 30, Dmitry Medvedev, the President of Russia and Raul Castro, the Cuba State Council and Cabinet of Ministers’s Chairman, following negotiations, signed a memorandum on strategic cooperation between Russia and Cuba, said the Kremlin’s press service.

After a tкte-а-tкte meeting between the presidents, the meeting was continued with the delegations of the two states’s present.

The parties, based on the results of the negotiations, signed a package of documents. The two governments in particular concluded an agreement on granting a state credit to Havana. Russia’s Prime Minister Vladimir Putin had said earlier that the credit totaled $20 million, to be used to buy Russia-made goods.

Russia’s Finance Ministry and Cuba’s Ministry of Foreign Investment and Economic Cooperation signed an agreement on providing gratuitous food aid to Cuba. Russia is to supply 25 thousand tonnes of grain to relieve the food crisis.

Besides, Russia’s Vnesheconombank and the Aviaimport firm signed a credit agreement on financing the supplies of the Tu-204SE aircraft and related equipment to Cuba.

The auto maker KAMAZ signed a general agreement on cooperation with the Cuban firm Tradex, that provides for building an assembly facility to produce KAMAZ vehicles in Cuba.