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Russian President Vladimir Putin and Cuban President Miguel Diaz-Canel shake hands while exchanging documents after their talks in the Kremlin, Moscow, Russia, Nov. 2, 2018 (AP photo by Alexander Zemlianichenko).

Cuba Must Contend With a New Cold War in the Western Hemisphere

Thursday, Jan. 24, 2019

Cuba faces a much tougher international environment today than it did just a few years ago. Relations with Latin America have cooled as relations with Washington have regressed to a level of animosity reminiscent of the Cold War. In response, Havana is looking to old ideological comrades in Moscow and Beijing to compensate for the deterioration of ties in its own backyard.

These setbacks abroad come at a time when the Cuban economy is vulnerable. Export earnings have been falling, foreign reserves are low, and the debt service burden is heavy, as Cuba tries to retire old debts that it renegotiated. Despite the economic reforms begun in 2011, domestic productivity is still weak, making Cuba dependent on foreign investment for capital to fuel growth. ...

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