
The pact was signed by Ricardo Alarcon de Quesada, president of the National Assembly of the People’s Power (ANPP) and the speaker of the State Duma, Boris Grizlov. The document will help to improve trade and economic ties between the two nations.
"This important agreement opens up new possibilities for broader dialogue and wider cooperation between our lawmakers," Gryzlov said. "Russian and Cuban lawmakers must play a more active role in boosting and modernizing trade and economic ties between the two countries."
On the other hand, Alarcon expressed his satisfaction with the agreement and remarked that between Cuba and Russia has existed a long standing relationship based on mutual support and friendship. The ANPP president said that such relation would strengthen with this cooperation pact.
Russia has supported Cuba against the economic, financial and trade blockade imposed by the U.S. In addition, the European country has collaborated in the development of the Caribbean island nation since its revolution, said Alarcon.