Without oil, without flights, and with a peso at its lowest: Cuba cracks under US pressure
Cuba faces an escalating crisis marked by the suspension of international flights, record blackouts, and a Cuban peso at historic lows of 500 per dollar in the informal market, amid tightening US energy pressure.
TL;DR
- International flights from Russian and Canadian airlines have been suspended due to fuel supply difficulties.
- Cuba experienced its most extensive power outage on record, with over 64% of the country losing electricity simultaneously.
- The informal exchange rate of the Cuban peso hit a historic low of 500 per US dollar.
- US energy pressure, including sanctions on oil suppliers, is significantly impacting Cuba's fuel availability.
- The tourism sector, a key pillar of the economy, is severely affected by flight cancellations.
- The government is implementing contingency plans and calling for resistance against US pressure.
- Public discontent is high due to scarcity, inflation, and constant blackouts.