this post was submitted on 17 Sep 2026
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Washington and Florida insiders are exploring lucrative deals for a post-communist Cuba crushed by ever-increasing US sanctions

Spanish hotel chains. A Canadian mining firm. European shipping giants. Visa and Mastercard. Scores of foreign companies have been driven out of Cuba this summer over fear of being hit with potent, new secondary sanctions. Marco Rubio, the secretary of state, told Axios last month there are “no escape valves” from his unprecedented pressure campaign against the island.

But not everybody is losing out. A growing cast of Washington and Florida insiders – from billionaire Trump cronies and Rubio-linked lobbyists to Cuban exiles – are jockeying for control of the communist-ruled island-nation’s key assets, charging top dollar to help clients navigate the ever-expanding web of sanctions, and positioning themselves for lucrative business opportunities in the case of regime collapse.

Since an executive order signed by Donald Trump on 1 May drove Canada’s Sherritt International from its nickel and cobalt mining joint venture with the Cuban state, two rival US bids to buy out its stake have been presented to US authorities.

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[–] Cowbee@lemmy.ml 11 points 3 weeks ago (1 children)

Sanctions aren't going to make people overthrow the Cuban government. They will only make the Cuban people defend their socialist project more, while they die of preventable causes due to a lack of critical medical supplies and energy. Thank goodness countries like China are helping Cuba develop sovereignty in the energy sector through solar!

[–] balsoft@lemmy.ml 1 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

I'm afraid this may be overly optimistic. Last year the same was said about Venezuela, and look where it is now.

[–] Cowbee@lemmy.ml 3 points 3 weeks ago* (last edited 3 weeks ago)

Venezuela hasn't been overthrown. The commune movement is still alive and well, and the reactionary elements still oppose the PSUV. It's still an incomplete revolution, one with its hands tied and had to make concessions it did not want to. The Cuban revolution already succeeded, and thus has far more political stability.