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Cuba Says US Sanctions Are Holding Back Its Opening to Private Business

Summary by The Rio Times
Cuba’s deputy foreign minister Carlos Fernández de Cossío told Bloomberg that US sanctions are holding back Havana’s 176-measure market opening, and that easing pressure would make it “truly irreversible”. Washington says no one will invest under Cuba’s current model.

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Cuba denounces that the new U.S. sanctions hinder its economic reforms, affecting both the public and private sectors.The measures include restrictions on academic exchanges and banking transactions, aggravating the island's economic crisis.

·Buenos Aires, Argentina
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On September 29, Cuban Foreign Minister Bruno Rodríguez Parrilla criticized the new US sanctions, saying they hinder Cuba's ongoing economic transition.

·Ho Chi Minh City, Viet Nam
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The Cuban government accused the U.S. government of "obstaculating" the process of economic reforms launched on the island, with the new measures announced by the...

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Carlos Fernández de Cossío, Vice-Chancellor of Cuba, declared that there will be no real progress in communications with the United States, as long as sanctions persist

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Cuban Deputy Foreign Minister Carlos Fernández de Cossío confirmed to Bloomberg Podcast that Cuba and the United States maintain communications and have held meetings, although he said that Havana does not appreciate progress as long as Washington continues to impose new sanctions. The post Fernández de Cossío: “If the U.S. reduces pressure, transformations in Cuba can go very far” (+Video) first appeared on Cubadebate.

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The Rio Times broke the news on Sunday, September 27, 2026.
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