MOSCOW._ The co-presidents of the Russia-Cuba Intergovernmental Commission and delegations from the two governments have set the course for the agenda that defines the immediate future of bilateral relations.

The road taken is clear, safe and in line with the objectives agreed upon by the two sides, said the Vice President of Cuba’s Council of Ministers Ricardo Cabrisas in assessing the recent events related to bilateral relations.

Cabrisas and Russia’s Vice President Dmitri Rogozin recently headed a multisectorial working meeting that closed with the signing of six documents ranging from agreements to contracts and cooperation protocols.

“We are going through a new stage that is in line with the goals agreed by the two governments,” the co-president of the Cuban commission told The Havana Reporter.

The co-presidents of the Russia-Cuba Intergovernmental Commission and delegations from the two governments have set the course for the agenda that defines the immediate future of bilateral relations.By the end of 2008, a total of 36 documents were signed in different fields of Cuba-Russia cooperation, which resulted from the 9th Intergovernmental Commission for Economic-commercial and Scientifictechnical Cooperation.

This marked the closing of an intense three-year period that was crowned with the first visit to Russia in 2009 by Raúl Castro as president.

Major events have marked Cuba-Russia relations from 2012 to date, chiefly over the past two years, Cabrisas noted.

The regularization of Cuba’s debt with the former Soviet Union was signed in October 2013, based on solutions that the two governments agreed to call satisfactory.

The commission was presented with a bilateral economic agenda that contains long and mid-term priorities for the two countries.

“It is the mechanism that rules our relations in the economic, commercial and financial sector,” the vice president explained.

The talks held in July 2014 in Havana by Presidents Raúl Castro and Vladimir Putin were a major boost for mutual links.

„I’d rather call it the point of inflexion in our bilateral relations,” said Cabrisas, who added that the two governments support Russia’s effective partaking in Cuba’s mid and long-term plans for social and economic development.

According to Russian Vice President Dmitri Rogozin the signing of the six agreements was the result of “the major boost given by our two leaders to bilateral cooperation.”

Worth $1.2 billion, two of the agreements signed will support programs that the Cuban government considers top priorities in the country’s strategy for socio-economic growth.

One of them is related to the construction of four power blocks with 200 megabytes each, which are expected to be part of the national electricity network within two years.

As stipulated by Prime Minister Dmitri Medvédev, the Russian executive approved granting a loan to Cuba for some $100 million for enlarging and modernizing the Steel Factory, which is key for the country’s industrialization.

They represent two crucial elements for achieving those goals: power and steel industry, highlighted the Cuban vice president. “In spite of the financial problems resulting from sanctions by the West, the agreements will allow for the largest injection of Russian funds in the Cuban economy over the past 20 years,” he stressed.

Another major achievement was the cooperation agreement signed between HEBER BIOTEC and PHARMACO companies, which will enable Cuban pharmaceutical products to enter the Russian market, especially Heberprot-P, a one-of-a-kind medicine for treating diabetic foot ulcer and marketed in more than 20 countries.

The portfolio of priority projects also includes the sectors of oil prospecting, prospecting for fossil fuels, renewable energy sources and transport –particularly the railroad network.

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