New winds of reform are sweeping through Havana. The Cuban regime on Friday announced a package of structural changes under the so-called Economic and Social Program for 2026 to confront one of the most severe crises in its recent history.
© Norlys Perez (REUTERS)
The executive order issued by the White House on May 1 has shaken Cuba’s foundations. The United States decided to tighten the noose around an economy that was already in intensive care even before the new sanctions that took effect on Friday, or the oil blockade implemented earlier this year. Washington’s threat to freeze assets on U.S. territory of any foreign company or individual doing business with the Cuban regime — especially with the vast portfolio of businesses held by Gaesa, the military conglomerate that controls half of Cuba’s GDP — has produced its first effects. And once foreign companies withdraw, their replacement by U.S. firms appears to be the next step.
The grill‑strategy is starting to work. With every degree the heat rises, the situation in Cuba — both on the streets and in the regime’s top offices — becomes more and more unbearable. The fall earlier this year of Venezuela’s Nicolás Maduro, Havana’s key ally, and the subsequent energy embargo on the island marked the beginning of a decline that now seems unstoppable.
© EPV
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