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Caribbean-Latin America

Desperate Cuba Announces ‘Perfecting' of Economy to Avoid U.S. Sanctions and Dupe Foreign Investors

2026-06-20

[BB] While mainstream media covering the announcement this week insisted on referring to the reforms as “unprecedented” and “historic,” in reality, the Cuban regime announces some form of allegedly “unprecedented” economic reform every few years as a ploy to attract international investment. In 2021, for example, the Cuban government claimed that it had legalized most “private” businesses, but only allies and members of the Party were allowed to then establish said “private” businesses. In March, dictator Raúl Castro’s grand-nephew Oscar Pérez-Oliva Fraga announced that the Party was encouraging Cuban exiles – who suffered under communist oppression, many of them tortured and starved – to invest in the survival of the Communist Party through business investments.

On Thursday, Cuban Prime Minister Manuel Marrero Cruz introduced a package of 176 “reforms” that Cuban officials insisted were necessary given the current economic “emergency,” calling them a “perfecting” of the economy. Marrero blamed the move on President Donald Trump taking measures to actually enforce the “embargo” that has existed, largely ignored by the United States for decades. Among the most effective measures the Trump administration has taken to limit American dollars going towards financing the oppression of the Cuban people by their government was the announcement in May of sanctions on the Grupo de Administración Empresarial (GAESA), a corporation run by the Cuban military that manages the regime’s tourism profits, remittances, and the Cuban slave doctor program. The sanctions prompted a dramatic reduction in foreign investment, most prominently the Spanish hotel giant Meliá announcing it would stop running 15 of its 34 hotels on the island.

Posted by:Skidmark

#1 comments); ?>werwer

Posted by: Besoeker 2026-06-20 01:02

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