Story perspectives

Cuban Leaders Urge Reforms Amid Economic Crisis and Sanctions

3/3/2026

Summary

Story summary

Cuban President Miguel Díaz-Canel urged immediate reforms to Cuba's economic and social model.
He cited dwindling oil reserves and a recent oil blockade.
During a Council of Ministers meeting, he called for municipal autonomy and state–non-state partnerships.
Prime Minister Manuel Marrero Cruz highlighted priorities in food production and power-grid changes amid outages.
Increased U.S. sanctions have cost nearly $8 billion in revenue over the past year.

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Story summary

Cuban President Miguel Díaz-Canel urged immediate reforms to Cuba's economic and social model.
He cited dwindling oil reserves and a recent oil blockade.
During a Council of Ministers meeting, he called for municipal autonomy and state–non-state partnerships.
Prime Minister Manuel Marrero Cruz highlighted priorities in food production and power-grid changes amid outages.
Increased U.S. sanctions have cost nearly $8 billion in revenue over the past year.