Cuba to Open Investment Opportunities for Citizens Abroad
“Cuba is open to having a fluid commercial relationship with US companies" and also with Cubans and their descendants residing in the U.S., Cuban Deputy Prime Minister Oscar Perez-Oliva Fraga said in an interview in Havana.
"This extends beyond the commercial sphere," Fraga, who also serves as Cuba’s minister of foreign trade and investment, added. "It also applies to investments — not only small investments, but also large investments, particularly in infrastructure.”
The policy was scheduled for public announcement on Monday night. The decision represents a significant change from decades of a predominantly state-controlled economy, where private enterprise was heavily restricted until 2021.
The move comes as Cuba faces widespread power shortages, protests, and worsening fuel crises, compounded by U.S. threats of tariffs on nations supplying oil to the island.
President Trump has previously claimed he expects the "honor of taking Cuba," describing it as a "failed nation." He also stated that "something will happen with Cuba pretty quickly" and has mentioned a potential “friendly takeover.”
U.S. sanctions continue to complicate investment, making it difficult for American nationals to do business in Cuba without government approval and restricting transactions with firms connected to the Cuban military or intelligence services.
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