The director of Cuba’s foreign trade agency Tradex, José Antonio Arias, signed a contract with Andrei Solovey, CEO of Transmashholding subsidiary Tver Carriage Works (TVZ), on Nov. 10 for 68 passenger coaches for Cuban Union Railways (UFC).
The government of Cuba signed a €190 million ($215.75 million) loan agreement with the Russian Agency for Export Credit and Investment Insurance (Exiar) during the June 16-18, 2016 St. Petersburg International Economic Forum. The loan will be used by Cuban Union Railways (UFC) to finance modernization of its locomotive fleet.
