cuba news: Havana Cuts U.S. Dollar Ties, Shocking Oil Markets as Russia Moves In
Havana, Cuba – In a seismic shift that rattles global energy and geopolitics, Cuba has officially severed all U.S. dollar transactions, freezing billions in trade and opening the door for Russia-backed fuel swaps. This move, effective immediately, decouples the island from the American financial system, sending crude prices spiking in the Caribbean and forcing multinationals to reroute supply chains. For CEOs: Expect volatility in commodity hedging and a sharp pullback in regional tourism investment as Havana locks its economy into a new Moscow-centric orbit. Dollar liquidity risks just went from manageable to critical.