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Post by : Saif Rahman
Cuba finds itself navigating a precarious future in the wake of the United States’ removal of Venezuelan President Nicolás Maduro. For many years, Venezuela has stood as Cuba’s closest companion and vital oil supplier. With Maduro's departure, there are rising anxieties among Cubans that their nation’s already struggling economy may face further hardships.
This Monday, Cuban officials lowered flags in Havana to pay tribute to 32 security officers who lost their lives during the U.S. action in Venezuela. According to authorities, these officers lost their lives while defending significant installations or in direct confrontations. The news resonated deeply within Cuba, where there has long been a strong bond with Venezuela.
The ties between the two nations have historically been entrenched. Cuban military personnel and security forces have commonly acted as bodyguards for Maduro, while Venezuela has provided Cuba with subsidized oil for many years. This oil is essential for keeping utilities running in Cuba, especially amid ongoing shortages and recurrent power outages.
Following Maduro's removal, U.S. President Donald Trump issued a stark warning indicating that Cuba would experience adverse consequences. He mentioned that severing ties with Venezuela would significantly weaken Cuba’s economy, which is under tremendous strain. These comments have heightened anxiety among the populace, many of whom are grappling with limited access to food and essential goods.
Experts estimate that Venezuela has been exporting approximately 35,000 barrels of oil daily to Cuba recently. This volume fulfills close to one-quarter of the island’s energy requirements. Should these shipments cease, the repercussions could be drastic since Cuba lacks the financial resources to procure oil on the international market, potentially leading to longer and more frequent power outages.
Some analysts posit that Russia could be the last major ally capable of assisting Cuba with oil supplies. While Russia provides limited shipments, it's uncertain if it would be willing to enhance its support. Other observers suggest that China might intervene, but only if Cuba welcomes significant reforms to encourage private enterprise and lessen state control.
In the meantime, the U.S. is contemplating strategies to revitalize Venezuela’s beleaguered oil sector. President Trump has indicated that oil companies might invest significant sums to restore production, with potential governmental assistance later. If effective, Venezuela’s oil output could rebound within a year or two. Nevertheless, the plan's feasibility remains in question due to political volatility and substantial overheads.
For Cuba, immediate survival is the pressing concern. Power outages are becoming frequent, and food scarcity has brought countless families to the brink. Losing access to Venezuelan oil could transform an already challenging situation into an outright crisis.
As the region adapts to shifting political dynamics, Cuba faces a pivotal moment. In the absence of Venezuelan backing, the island may need to rethink its economic framework or forge new alliances. For now, the Cuban population can only wait and hope that the approaching months do not usher in even more challenging times.
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