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RE: LeoThread 2025-01-03 09:38

in LeoFinance5 days ago

Part 2/8:

The energy crisis is compounded by a steep decline in crude oil imports from Venezuela, a close ally that has historically provided Cuba with essential oil supplies. Reports indicate that between January and November, oil imports from Venezuela dropped by more than 44%. This loss has left Cuba unable to afford replacement oil on the international market, necessitating reliance on handouts from friendly nations, which are not guaranteed.

Moreover, Cuba is now experiencing fuel shortages at gas stations. This scarcity hinders public transportation—essential for daily life and essential industries—and exacerbates challenges for tourism, a critical economic pillar for the country.

Crisis in the Tourism Sector