Cuban president announces economic reforms to decentralize administration amid worsening crisis and US sanctions
By
Andrea Rodríguez
Kettled twice. Extra chewy, extra trustworthy.
Summary
Cuban President Miguel Díaz-Canel announced a package of economic reforms to attract investment, expand participation by Cubans living abroad, and decentralize parts of the country's administration. The announcement comes amid a severe economic crisis worsened by tightened U.S. oil supply restrictions in January. Díaz-Canel emphasized the need for change, suggesting eliminating state intermediaries in trade and offering tariff benefits for raw materials. Humanitarian aid from Colombia, Mexico, and Belize has arrived providing essential goods as the U.S. energy embargo persists.
Key quotes
· 2 pulledIt is now 'time to change' and that the country 'simply cannot continue on its current course.'
Every opportunity in the midst of a crisis must be seized as a moment fo
You might also wanna read
Cuba's energy minister says diesel and fuel oil stocks completely exhausted, blames U.S. embargo
Cuban Energy Minister Vincente de la O Levy announced that the country's diesel and fuel oil reserves are completely depleted, leaving the e
Cuba's Power Grid Crisis Deepens Ties with China Amid US Pressure
Cuba experienced a nearly 30-hour blackout due to a U.S. oil blockade under the Trump administration, which exposed the island's fragile and
oilprice.com·2mo ago
Cuban coastal town faces daily blackouts and energy crisis amid U.S.-Cuba tensions
Residents of Santa Cruz del Norte, a coastal Cuban town with petroleum production and a major thermoelectric plant, face severe daily blacko
apnews.com·4mo agoCuba rejects US embassy's 'shameless' request for diesel
Trump Announces U.S. Will Temporarily Run Venezuela and Access Oil Reserves After Maduro's Removal
President Donald Trump announced that the United States will temporarily run Venezuela and tap its vast oil reserves for sale to other natio
apnews.com·5mo ago
U.S. Military Strikes Narcotics Facilities in Venezuela, Escalating Anti-Drug Campaign
President Donald Trump announced that U.S. forces conducted a military strike against narcotics loading docks in Venezuela, marking a signif
bloomberg.com·5mo ago