Cuba seeks foreign investment, thumbing nose at US sanctions


Source: reuters.com reuters.com

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HAVANA, Nov 6 (Reuters) - Cuba hosted a business fair with over 800 companies from more than 60 countries on Monday as it lobbied for new investments, thumbing its nose at U.S. sanctions that have long spooked foreign companies from engaging with the communist-run island. Cuba blames the Cold War-era U.S. trade embargo and the COVID pandemic for crippling tourism and domestic industry, wiping out the cash it needs to import basic goods and making foreign investment ever more important. "Today we work ...to minimize the negative impact of the economic, financial and commercial blockade," said Cuba foreign trade minister...