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Video - Cuba’s Foreign Investors Aren’t Fleeing Communism — They’re Fleeing Sanctions (peertube.world)
submitted 3 months ago by to c/world@quokk.au
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Duration - 1:35 [a video about Cuba from the news collective Belly Of The Beast]

Foreign companies are pulling out of Cuba.

After Trump signed an executive order on May 1 threatening sanctions on anyone doing business in Cuba, companies from Canada, Spain, France, Germany and Australia fled the island.

So who benefits when foreign investors leave?

Belly of the Beast journalist Yohan Rodríguez breaks it all down

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[–] 2 points 3 months ago*

Cuba just announced it will open up its economy for private investments, this is what this guy who 'breaks it al down' forgot to say in this 1 minute rant.

Is there any FDI (foreign direct investment) data for Cuba? Are there any meaningful investments other than from a handful of large commodity firms?

Cuba's annual exports have been well below 1 billion euros for years.

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