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Cuba says US sanctions are blocking its efforts to open the economy to private investment
Cuban officials say new U.S. penalties are scaring off investors and worsening fuel and electricity shortages as the island seeks more private investment.
- On Friday, Ambassador Ernesto Soberón Guzmán stated U.S. sanctions are the primary barrier to Cuba's economic opening, deterring private investment and worsening electricity shortages across the island.
- Defending the policy, State Marco Rubio stated The United States is prepared "to do what we can do to effectuate a positive change in Cuba because it directly impacts our national security."
- Targeting state-owned firms, the Trump administration sanctioned five state companies in late June, including three linked to GAESA, which commands nearly 40% of Cuba's gross domestic product.
- Compounding existing hardships, an oil blockade imposed by The United States in January has crippled infrastructure and deepened shortages in medicine and food across the Caribbean island nation.
- State Department officials confirmed new sanctions will arrive every couple of weeks to close off "escape valves," while the administration maintains its goal to change the Cuban political system.
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26 Articles
Cuba says U.S. sanctions are blocking its efforts to open the economy to private investment
The United States has demanded that Cuba open up to private investment, and Cuba has passed sweeping reforms to encourage just that. So Cuba’s UN ambassador says he wants to know why Washington keeps piling on sanctions that stymie the very economic opening it has sought for decades.
·Toronto, Canada
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Associated Press News+15 Reposted by 15 other sources
Cuba says US sanctions are blocking its efforts to open the economy to private investment
The United States has demanded that Cuba open up to private investment, and Cuba has passed sweeping reforms to encourage just that.
·New York, United States
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ReformaReposted by 
eldiariodechihuahua.mx
eldiariodechihuahua.mxThe Cuban Council of State approved four decrees to reform companies, contracts, customs and security in the face of the economic crisis.
·Monterrey, Mexico
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The regulations improve business autonomy, road safety, state tendering processes and customs regulations.
·Caracas, Venezuela (Bolivarian Republic of)
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Total News Sources26
Leaning Left7Leaning Right3Center10Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 35%
C 50%
15%
Factuality
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