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BusinessCuba’s Communist Party approves opening economy in unprecedented move - Hasan Piker on suicide watch
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The emergency economic package comes amid an ongoing US pressure campaign that has left the island nation reeling.
Cuban President Miguel Diaz-Canel has acknowledged that some of the island's economic problems 'don't come from outside', a reference to foreign pressure campaigns [Getty]
By AFP and Reuters
Published On 18 Jun 2026
Cuba’s Communist Party has approved a raft of unprecedented free-market measures as part of an emergency economic package.
The package was submitted to the country’s National Assembly on Thursday, where it is all but assured to pass.
The plan would expand opportunities for private enterprise and create measures to attract additional foreign investment, including from Cubans abroad.
It could also set the stage for private real estate development on the Caribbean island and the transformation of state-owned businesses into private commercial ventures with shares and equity stakes. It would also allow private banks to enter Cuba’s once state-dominated finance sector.
The reform package signals a dramatic shift for Cuba, which is led by the Communist Party.
Speaking to the party’s Central Committee in a broadcast on Thursday, President Miguel Diaz-Canel said the country’s dire economic situation could not be blamed on external pressure alone.
For decades, the US has imposed a trade embargo on Cuba, weakening its economy. Since January, the US pressure against Cuba has increased, with the administration of President Donald Trump blocking fuel deliveries to the island.
But Diaz-Canel acknowledged that some of the present-day economic strife was due to domestic factors, referencing “obstacles that don’t come from outside, nor the blockade”.
He pointed to “slowness, bureaucracy and norms that impede those who want to produce” as well as “decisions that we have put off”.
“The situation calls for urgent and necessary changes,” he said.
On Thursday, the European Union also increased pressure on Cuba, passing a resolution that called for sanctions on Diaz-Canel and the leadership of Grupo de Administracion Empresarial SA, a business conglomerate operated by the Cuban military.
The EU resolution condemned what it described as “the systematic repression” by the Cuban government, while calling for “profound economic and political change”.
In his address, Diaz-Canel suggested there would likely be some opposition to the emergency economic plan from hardliners in the Communist Party, which has officially governed Cuba since 1965.
Some of the reforms, he said, “will not have absolute consensus, but cannot be postponed”.
Former Cuban leader Raul Castro, who was indicted by the US in May, has also backed the plan.
Trump administration officials, notably Secretary of State Marco Rubio, have repeatedly said that economic reforms could ease Washington’s pressure campaign against the island. But the US did not immediately respond to the latest moves.
Meanwhile, US Vice President JD Vance was asked on Thursday if the Trump administration would now turn its sights to Cuba after reaching a memorandum of understanding to end the war on Iran.
Trump has repeatedly floated both military attacks and what he has described as a “friendly takeover” of Cuba.
Vance responded that Washington wanted Cubans to be “happy and successful”.
“We’re actually talking to the Cuban government right now about how they could change their ways to change that,” Vance said.
“If they make smart decisions, we’re going to have a much better relationship with that island.”
Lmfao communism is dead once and for all. And no, "communist" china or vietnam don't count since they only retain the label to appeal to delusional Western tankies. Western tankies who, by the way, will soon go down the meat grinder.
Not just american, Cuba is agartha for all of the world's reds. This is as close as it gets to communist 9/11 (which would be the cuban commie party outright falling from power).
Cuba is a nice country with good people. I went there quite some time ago and thought they deserved better than the commies they had in charge. Hoping their lot improves.
With the death of communism, she'll only be able shit up threads by fantasizing about abortion even though there isn't enough vodka in all of Russia to make a man to want to fuck her, which is why she claims to be a "lesbian".
I've heard cuban cigars suck compared to other quality cigars, one of those things where they were coasting off of a name and in the US the allure of the forbidden fruit. I don't know as fact because I smoke about 2 factory throw outs per year, can a tumor enthusiast confirm or deny?
I've heard cuban cigars suck compared to other quality cigars, one of those things where they were coasting off of a name and in the US the allure of the forbidden fruit. I don't know as fact because I smoke about 2 factory throw outs per year, can a tumor enthusiast confirm or deny?
Years ago I had a Cuban. It was fine. I never really got cigars the way people were back then so maybe it was lost on me. I would have to assume that the Cubans of today are shadows of what was produced in the past.
I've heard cuban cigars suck compared to other quality cigars, one of those things where they were coasting off of a name and in the US the allure of the forbidden fruit. I don't know as fact because I smoke about 2 factory throw outs per year, can a tumor enthusiast confirm or deny?
Years ago I had a Cuban. It was fine. I never really got cigars the way people were back then so maybe it was lost on me. I would have to assume that the Cubans of today are shadows of what was produced in the past.
They have the same growing conditions as Cuba, and all of the expertise and infinitely more ability to create. Cuba has been utterly incompetent since the Soviets stopped giving them endless free money.
They also don't have the catastrophic tobacco beetle infestation Cuba has. 95% of Cuban cigars come full of eggs and if any hatch all other cigars in the same humidor will be just as infested, and the tunnels they leave in cigars ruin them. Dominica has some of the beetles, but it's far easier to quarantine and control things when 5% of leaves are infested than 95%.
They're just not better anymore like they were through the 70s or 80s. Cuban cigars are pretty much a meme product at this point (aside from stashes of pre-embargo cigars). Maybe this will help fix things. They still have the skills there, just garbage to work with, relatively.
I've heard cuban cigars suck compared to other quality cigars, one of those things where they were coasting off of a name and in the US the allure of the forbidden fruit. I don't know as fact because I smoke about 2 factory throw outs per year, can a tumor enthusiast confirm or deny?
Cuban cigars taste like a barnyard smells: like cow shit. They literally taste worse the newports, and only coast on the allure of illegality. 1/5 they're bad.
The problem: When commies take on economic reform, it ends in relative chaos. Instead of becoming the Denmark or Switzerland of the Carribean, they will become one huge brothel.
Well, I wish them good luck either way. Hasta la vista siempre o algo.
