Latest news and articles about Cuban economy from NEX English
Cuba is grappling with a severe electricity crisis, leading to frequent power outages despite its high production capacity. Technical, economic, and political factors are exacerbating the situation, negatively impacting citizens' lives.
US authorities have allowed a Russian oil tanker to sail to Cuba after months of a stringent oil blockade on the island. This decision raises questions about its impact on international relations.
A Russian-flagged oil tanker entered Cuba's exclusive economic zone on Sunday, marking the first oil import in over two months. This development comes as Cuba faces a severe fuel shortage.
Cuban Foreign Minister Bruno Rodriguez condemned the U.S. blockade on fuel supplies to Cuba, calling it a blatant lie aimed at weakening the Cuban economy. His remarks were made via social media on Saturday.