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[–] [S] 96 points 2 years ago (1 child)

Indeed, one of the rules of BRICS is that countries cannot sanction one another. This would open Cuba to unfettered trade with the biggest economic bloc in the world.

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  • [–] 86 points 2 years ago (5 children)

    The actual mechanisms of the Cuban blockade are that any ship/shipping company that trades with Cuba is banned from American ports for the next 6 months. If BRICS is openly inviting Cuba in, that means that a meaningful chunk of the economic bloc's logistics companies feel comfortable effectively never dealing with the US, which has massive implications for global trade going forward.

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  • [–] [S] 57 points 2 years ago

    Indeed, and I think this is possible because BRICS is already a bigger trading bloc than G7. It's also where most actual manufacturing happens. So, if the US continues its policy then US companies will end up in far more pain than the respective BRICS companies. Incidentally, it's the same dynamic that we currently see playing out with sanctions on Russia where most of the pain is being felt in Europe.

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  • [–] 28 points 2 years ago (1 child)

    Or maybe they're calling US's bluff? I doubt the US would continue the embargo and sanctions if it devastated its own economy as a result.

    Regardless, this is great news and I hope Cuba gets admitted and treated as it should!

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