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Cuba's Díaz-Canel Pushes for Economic Reforms Amid Energy Crisis

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Cubas President Miguel Díaz-Canel urges immediate economic and social system reforms due to severe oil shortages, exacerbated by US sanctions and halted Venezuelan crude shipments. The crisis has led to widespread blackouts, fuel shortages, and disruptions to daily life, prompting the government to cut public services and prioritize local solutions.

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Cuba's Díaz-Canel Pushes for Economic Reforms Amid Energy Crisis

Global News Today | 2 Min News | The Daily News Now!

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Global News Today | 2 Min News | The Daily News Now!Cuba's Díaz-Canel Pushes for Economic Reforms Amid Energy Crisis. Machine-transcribed; use the interactive transcript above to jump the player to any line.

Today is March 2nd, here's what's making headlines worldwide. Cuba's president Miguel Diaz Canal called for immediate changes to the country's economic and social systems during a recent cabinet meeting. He stressed the need to focus right away on urgent reforms amid a severe oil shortage crippling the island. This push comes as Cuba deals with the tightened U.S. oil blockade and halted crude shipments from Venezuela. Cuba's linked these pressures to broader energy woes that have left daily life and disarray. Cubans are facing widespread blackouts, fuel shortages, and disruptions to transport and schooling. Last month, the government cut public buses and shifted classes online to save fuel, while pushing food production and grid upgrades as top. Priorities Diaz Canal wants more power for local municipalities in handling foreign investments, partnerships between state and private sectors, Cubans living abroad. The energy minister noted slow progress on solar panel rollouts and local sustainability

plans. Last week, the U.S. Treasury slightly eased limits on Venezuelan oil sales to Cuba, but the crisis drags on. Government figures show U.S. sanctions have cost the island nearly $8 billion in lost revenue from March 2024 to February. 2025 Up 50% from before. This D&N story comes to you thanks to our sponsor. No earbuds, no headbands, no awkward sleeping positions, just a pillow that plays your sound. S.O.L.I. SoleyPillow.com

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