Cuba announces a shift toward a market economy, ending subsidized oil supplies while facing continued blockades from US sanctions.
5 reports, 4 independent
Updated Sep 23
Mostly repetition
Reached 2 outlets in its first 24 hours
- Reports
- 5
- Developments
- 2
- Repetition
- 80%
New informationRepeats or wire copies
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What happened
Cuba announces a shift toward a market economy, ending subsidized oil supplies while facing continued blockades from US sanctions.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Under pressure from US oil blockades and sanctions, Cuba is allowing private companies to trade directly with foreign businesses, a shift rooted in policies from Obama's administration.Sub-event
Cuba announces a shift toward a market economy, ending subsidized oil supplies while facing continued blockades from US sanctions.1 source
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The entities involved
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Cuba
sovereign state situated on an island in the Caribbean Sea
Related events
- Trump administration applies sanctions and tariffs against Cuba. Oil shipments from Venezuela are targeted by new executive orders.
- The IMF imposed a disastrous economic adjustment package on Venezuela, amid US oil extraction and public comparisons to Cuba.
- U.S. intensifies economic pressure on Cuba, while Marco Rubio assesses potential transition roles amidst geopolitical fallout from Nicolás Maduro's capture.
- U.S. sanctions worsen Cuba's economic crisis, and leader Miguel Díaz-Canel defends the economic reforms being implemented in the country.
- An oil agreement was announced between Caracas and Washington, with US interests defining the terms of the blockade.