As Cuba transitions to a younger and more politically lenient regime, its economic problems are not to be ignored. Closely tied to Venezuela, Cuba suffers as President Maduro has ended its shipments of petroleum and the flow of grants and loans that helped to hold up the Cuban government’s budget. The US also imposed increased sanctions, which compound the issue further, as Cuba is left with only the possibility of Chinese financial support. If the economy suffers dramatically as a result of its deteriorating foreign relations, on which Cuba relies heavily, it’s possible the country might enter into a new Special Period.
The full report is available at GIS.