Cuba reports record losses of over $8 billion due to US embargo

Cuba reported significant financial losses exceeding USD 8,000 million due to the US embargo from March 2024 to February 2025. This figure, presented by Chancellor Bruno Rodríguez, reflects a 7% increase from the previous year and does not include damages from the energy sector. The US sanctions, intensified under the Trump administration, have led to severe shortages in essential services and the withdrawal of foreign companies, particularly in tourism and mining.