Latest news and articles about Cuban economy from NEX English
Cuba's ambassador to Denmark reported that 243 U.S. measures have severely restricted the import of fuel and essential goods, leading to an economic paralysis and multiple crises in the country. These actions are part of a broader U.S. sanctions policy aimed at pressuring the Cuban government.
Canadian company Sherritt International has announced the suspension of its joint activities in Cuba after former US President Donald Trump expanded sanctions against the country. This decision comes at a critical time for the Cuban economy, which is already under multiple pressures.
Cuba has condemned the new U.S. sanctions imposed on it, describing them as a violation of international law and the United Nations Charter. Cuban Foreign Minister Bruno Rodriguez stated that these sanctions are a form of collective punishment targeting the Cuban people directly.
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.