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Unfortunately, Venezuela's own economic crisis has significantly reduced the flow of oil to Cuba, exacerbating the existing energy crisis in the country. Without adequate oil supplies, businesses cannot operate effectively, leading to diminished sales and revenue—a pattern that perpetuates Cuba's ongoing economic collapse.
U.S.-Cuba Relations: A Major Barrier
The relationship between the U.S. and Cuba has dramatically changed over the decades, particularly following Fidel Castro's rise to power. The U.S. established a trade embargo in the 1960s, turning Cuba from its largest trading partner into a pariah. Despite a brief thaw in relations during the Obama administration, recent developments have dashed hopes for any improvements.