Cuba initiated economic reforms on June 1, including cutting fuel imports and inviting overseas investment.
1 report, 1 independent
Updated Jun 1
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What happened
Cuba initiated economic reforms on June 1, including cutting fuel imports and inviting overseas investment.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Energy crisis caused infrastructure failures in Havana.Sub-event
Cuba cut off fuel imports and invited overseas investment as part of new economic reforms.1 source
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Part of
Manuel Marrero Cruz proposed 176 structural economic reforms in Cuba on June 1.Also in this story
- The Prime Minister addressed parliament on economic reforms, and the National Assembly approved the removal of price caps in Cuba.
- Cuban government introduced economic measures leading to currency devaluation.
- Manuel Marrero Cruz signed decrees affecting the agricultural market structure in Cuba.
The entities involved
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Cuba
sovereign state situated on an island in the Caribbean Sea
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Havana
capital and largest city of Cuba
Related events
- The collapse of the Soviet Union is being paralleled with the current economic reforms taking place in Cuba.
- Díaz-Canel announced progress on economic reforms while Columbia University published an academic study on the reforms.
- US policy aims for irreversible political change in Cuba.
- U.S. intensifies economic pressure on Cuba, while Marco Rubio assesses potential transition roles amidst geopolitical fallout from Nicolás Maduro's capture.
- Cuba faces an energy crisis due to sanctions, prompting aid requests from OCHA and fuel shipments from Moscow.