Rusmarket

History

2023: Building a Company

At the end of March 2023, it became known about the creation of the joint Russian-Cuban company Rusmarket, which will be used to sell goods from the Russian Federation on the island. Some details about the project were told by the Presidential Plenipotentiary RUSSIAN FEDERATION for the Protection of the Rights of Entrepreneurs, Chairman of the Business Council "Russia -." Cuba Boris Titov

Many Russian manufacturers are interested in promoting their products in Cuba. We expect that the new trading house would become a single wholesale importer of products and independently determine prices in the retail market in this country, "he said after a meeting with Cuban Ambassador to Moscow Julio Garmendia Peña.

On the Cuban side, the owner of Rusmarket is the state corporation Cimex

The presence of a contract with specific parameters will make it possible to budge the solution of difficult issues with logistics: the transportation of Russian goods and its insurance on the way, the business ombudsman believes.

On the Cuban side, the owner of Rusmarket is the state corporation Cimex. The new company will sell food products, household chemicals and consumer goods.

Julio Garmendia Peña said that Russia and Cuba are "in a new moment of promising relations" by March 2023.

We have high hopes, our parliament - the National Assembly - is ready to work out legislation for the sake of developing contacts with the Russian side. The main thing is that a political decision has already been made on this score, "the ambassador said.

Earlier it was reported that during a meeting between Titov and Cuban President Miguel Diaz-Canel, an agreement was reached on the start of the work of a joint expert center, which will include representatives of key ministries and the Central Bank from the Cuban side, and experts from the Stolypin Institute for Growth Economics, the Center for Strategic Research and the Institute for Economic Forecasting of the Russian Academy of Sciences.^[1]

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