Cuba liberalizes economy amid US sanctions

Cuba is moving towards implementing new economic reforms to open key sectors of its economy to the private sector, aiming to adapt to increasing US sanctions. The changes included easing restrictions on land use, allowing the import of fuel and pharmaceuticals, and granting licenses to private tourism companies. President Miguel Díaz-Canel emphasized that these reforms are not intended to please the United States and will not involve privatizing vital sectors such as health and culture; rather, they aim to gradually strengthen the national economy while ensuring the preservation of socialist policies. The government has begun implementing some measures, including foreign investment in the energy sector and improvements in agriculture and tourism conditions, despite the challenges posed by the US oil embargo and the worsening economic crisis.

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