"They don't get subsidies any more, so they're in a lot of trouble. And the people in charge - they don't know how to fix it. So they have to get new people in charge. Cubans survived for years on outside support, first from the former Soviet Union and in recent years from Venezuela."
"The administration appears to be banking on Cuba's economic collapse and popular discontent rather than military intervention in the face of a decades-long U.S. economic embargo strengthened by new sanctions and blocked oil imports."
"On Monday, the Cuban government said that it would open up its economy to foreign private investment, including to expatriates living abroad, and allow foreign banks and private accounts to operate. The statement by Oscar Pérez-Oliva Fraga, Cuba's deputy prime minister and economic czar, coincided with an island-wide blackout as fuel reserves dwindled."
Secretary of State Marco Rubio stated that Cuba's centralized economy cannot be repaired and current reform attempts are inadequate. The Trump administration is pursuing economic pressure on Cuba through strengthened sanctions and blocked oil imports, expecting the communist government to collapse due to economic failure and popular discontent. Cuba historically relied on Soviet and Venezuelan subsidies, which have ceased, leaving leaders unable to resolve the crisis. The Cuban government announced plans to open its economy to foreign private investment and allow foreign banks to operate. However, previous reforms have been incompletely implemented as the government maintains economic control while attributing hardships to U.S. sanctions. Cuba faces severe energy shortages, with no energy imports received in three months.
#cuba-economic-crisis #us-sanctions-and-embargo #regime-change-strategy #economic-reform #energy-shortage
Read at The Washington Post
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