- A market shift is underway due to the suspension of operations, leading to redirected demand from Cuba to the Dominican Republic and Mexico.
- Cuba announces a shift toward a market economy, ending subsidized oil supplies while facing continued blockades from US sanctions.
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.
1 report, 1 independent
Updated Aug 30
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What happened
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.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Cuba
sovereign state situated on an island in the Caribbean Sea
Related events
- U.S. intensifies economic pressure on Cuba, while Marco Rubio assesses potential transition roles amidst geopolitical fallout from Nicolás Maduro's capture.
- Trump administration applies sanctions and tariffs against Cuba. Oil shipments from Venezuela are targeted by new executive orders.
- The US Treasury Department expanded restrictions on US investments targeting Cuba, Russia, Iran, and North Korea.
- Cuba uses the UN General Assembly to push back against US sanctions and embargoes, while diplomatic talks stall.
- China is providing economic and political support to Cuba amidst the severe situation caused by US blockades and sanctions.