HAVANA, June 20 (Reuters) – Russia’s Novikombank said on Thursday it had become the first bank from the country to open a representative office in Cuba as part of growing economic ties between the former Cold War allies.
The Russian state-owned bank said in a statement that Cuba’s central bank had granted it a license on June 7. There was no immediate comment from Cuban authorities or the central bank.
“The opening of a Novikom representative office in the Republic of Cuba is not only a new stage for the bank, but also an important step in Russian-Cuban relations,” board chairwoman Elena Georgieva was quoted as saying in the announcement.
Source: REUTER
