Cuban dictatorship rolls out red carpet for Russian investors

Russian kleptocrat Boris Titov (R) amazes Castronoid Minister Cabrisas (L) with compact nuclear warhead

From our Bureau of Twenty-First Century Neocolonialism with some assistance from our Bureau of Potentially Lethal Déjà Vu

It’s been going on for a few months, but now it’s kicking into high gear.

Czar Vlad the Invader and his kleptocrats are wasting no time in colonizing Cuba. Heavy “investing” has begun and is likely to keep increasing as Castro, Inc. whorishly sells the island to Russians and their state of Grand Putinia drools over the possibility of setting up a colony only ninety miles from the U.S.

And, as Castro, Inc.’s Minister of Foreign Commerce (photo above) has boasted: “Nothing and no one can stop it.”

From Granma Euro-Lite (Reuters)

Russian and Cuban officials and business leaders on Wednesday (May 17) announced new perks to entice Russian investors into the Cuban market, the latest sign of fast-growing economic ties between the two long-time political allies.

Boris Titov, head of the Russian delegation of the Cuban-Russian Business Committee, told a forum of Russian entrepreneurs in Havana that Cuba had decisively opened the door to Russian investment.

“They are giving us preferential treatment,” Titov told the packed forum in Havana´s Hotel Nacional. “The path is clear.”

Titov said Cuba had offered Russian businesses the right to lease and make use of Cuban land for 30 year-terms, an unusual concession to foreign firms in the communist-run country.

He said Cuba would also exempt Russian companies from import tariffs on certain technology, and would allow Russian firms to repatriate their profits, a benefit in Cuba´s state-dominated economy.

The two countries, on opposite sides of the globe, are also considering ways to fast-track shipping between them, Titov said.

“In Soviet times there was a direct port and maritime link,” Titov told the forum. “We are analysing this possibility with the owners of Cuban ships.”

Cuba in recent months has sought to woo investors from Russia and other politically allied nations in a bid to shore up its devastated economy, ravaged by the coronavirus pandemic, harsh US sanctions and rampant inefficiencies.

Russia, also reeling from Western sanctions over the conflict in Ukraine, has in recent months moved to strengthen economic ties with Cuba and other Latin American countries opposed to what it calls US hegemony.

Ricardo Cabrisas, Cuba´s minister of foreign commerce told reporters on the sidelines of the forum that the economic ties between Russia and Cuba would only grow stronger.

Nothing and no one can stop it,” Cabrisas said.

For a more detailed article in Spanish, go HERE to 14yMedio