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Jun 18, 2026

Cuba approves sweeping free-market reforms to privatize large portions of socialist economy

Cuban lawmakers unanimously approved unprecedented economic reforms backed by the Communist Party and former leader Raúl Castro that would privatize vast sections of the country's socialist economy. The emergency measures come as Cuba faces punishing U.S. sanctions and mounting economic pressure.

Jun 18, 2026·6 sources
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Feb 18, 2026

Raúl Castro's grandson emerges as key figure in U.S.-Cuba diplomatic talks

Raúl Guillermo Rodríguez Castro, the influential grandson of former Cuban leader Raúl Castro, has become a central figure in ongoing diplomatic negotiations between the United States and Cuba, even as his grandfather faces a murder indictment in Miami related to a 1996 incident.

Feb 18, 2026·4 sources
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Top claims

  • ▪Cuban President Miguel Díaz-Canel stated that the economic reforms are not related to stalled negotiations with the United States.
  • ▪The approved economic package represents the largest change to Cuba's socialist model since Fidel Castro's 1959 revolution.
  • ▪Cuban President Miguel Díaz-Canel and former leader Raúl Castro backed the emergency economic plan, stating it was shaped by China and Vietnam.

Topics

US sanctionsRising US-Cuba tensions Economic reformsDiplomatic negotiationsWar crimes & accountabilityUnited States-Cuba relations

Related entities

CubaUnited StatesCubaRaúl Guillermo Rodríguez Castro

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