Russian companies will drill for oil and natural gas on and off the island of Cuba. A standing Russian credit line to Cuba for buying Russian wheat and cars is now extended to until 2011. Russia will build new rail lines on Cuban territory. There will also be joint projects in aircraft- and shipbuilding.
If the US had lifted the embargo years ago, it would be American oil companies drilling off of Cuba.
Chalk up another foreign policy disaster for the pig-headed US Government and its obsolete cold-war mentality.