The survival economy in Cuba is causing problems for Spanish companies, which have had to adjust their operations on the island. Spanish entrepreneurs have confirmed the challenges in conducting business and in receiving payments, especially following the capture of Venezuelan President Nicolás Maduro by the United States. This week has been difficult, with announcements about flight cancellations, power outages affecting the island, fuel rationing, and a low value of the peso. After Maduro’s detention, the United States decided to end the export of oil to Cuba from Venezuela, which supplies 30% of the oil that the island requires.
The subsistence economy of Cuba suffocates and complicates operations for Spanish companies.
