Russia to Assist Cuba in Construction of Four Power Units, Steel Plant

© REUTERS / Carlos BarriaAn anti-Castro Cuban exile holds a Cuban flag during a protest after the announcement of restoring diplomatic ties between Cuba and United States, at an area knows as 'Little Havana' in downtown Miami, Florida December 17, 2014.
An anti-Castro Cuban exile holds a Cuban flag during a protest after the announcement of restoring diplomatic ties between Cuba and United States, at an area knows as 'Little Havana' in downtown Miami, Florida December 17, 2014. - Sputnik International
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According to the ambassador, the projects will take between three and four years to complete.

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HAVANA/MONTEVIDEO (Sputnik) – Russia and Cuba are in the final stage of coordinating new energy and steel projects, Russian Ambassador to Cuba Mikhail Kamynin said.

"In the coming days, the process of coordinating two major projects that will be implemented in Cuba will conclude," Kamynin told RIA Novosti, adding that the projects involve the construction of four power units.

"We are also finishing up the coordination of another project that is important for Cuba and our bilateral cooperation – it’s the modernization of a steel plant," Kamynin said.

The ambassador added that the energy and metallurgy industries are highly important for Cuba at a time when the country’s economy is on the rise.

Earlier this year, Russian Foreign Minister Sergei Lavrov said that Moscow and Havana were preparing large-scale joint projects in the fields of energy and civil aviation. The two countries were also planning to launch a new program to modernize Cuba’s power plants, according to Director of the Russian Foreign Ministry’s Latin American Department Alexander Schetinin.

The joint Russia-Cuba projects come amid a thaw in Havana’s relations with the United States, which announced its plans to normalize ties with Cuba in December, 2014.

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