Russia and Cuba are now back together. Vladimir Putin recently visited the country accompanied by his oil chief, Rosneft President Igor Sechin. Despite the United States' 52-year trade embargo on Cuba, Putin forgave 90% of Cuba's debt to Russia, a sum of $32 billion, in an attempt to rekindle a friendly relationship. While Russia could be looking for new drilling locations, the small amount of production, some 55,000 barrels a day, suggests otherwise..
In this episode of The Motley Fool's Where the Money Is, Motley Fool analysts Joel South and Taylor Muckerman discuss why Russia has rekindled its relationship with Cuba, and how it might be more for politicking than trying to get into a Cuban oil field.
OPEC is absolutely terrified of this game-changer
Imagine a company that rents a very specific and valuable piece of machinery for $41,000 per hour. (That's almost as much as the average American makes in a year!) And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click here to uncover the name of this industry-leading stock for free, and join Buffett in his quest for a veritable landslide of profits!