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Military Comeback

Military equipment modernization is cost-prohibitive

“Cuba is very interested in modernizing its military equipment that date to the Soviet era, but lack financial resources,” stated Polina Temérina, an analyst at the Moscow-based Centre for Analysis of Strategies and Technologies (CAST), to RIA Novosti.

She further added: “Cuba has, on more than one occasion, asked Russia to modernize its arsenals but the problem continues pending for the lack of financial resources.”

Cuba proposes to Russia investing in its energy sector, particularly, in the extraction of oil. In finalizing those contracts, Havana will keep 51% of shares and give 49% to the investor, Temérina said.

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