Story perspectives

Cuba Opens Doors for Diaspora Investment Amid U.S. Pressure

3/17/2026

Summary

Story summary

Cuba will allow nationals abroad to invest in and own businesses, according to Deputy Prime Minister Oscar Pérez-Oliva Fraga.
The move follows U.S. pressure under President Donald Trump, which cut oil supplies and worsened Cuba's crisis.
President Miguel Díaz-Canel said talks with U.S. officials are ongoing regarding the diaspora.
However, investor protections and political reforms remain uncertain, drawing skepticism from exiles and local officials.

1 of 1

Story summary

Cuba will allow nationals abroad to invest in and own businesses, according to Deputy Prime Minister Oscar Pérez-Oliva Fraga.
The move follows U.S. pressure under President Donald Trump, which cut oil supplies and worsened Cuba's crisis.
President Miguel Díaz-Canel said talks with U.S. officials are ongoing regarding the diaspora.
However, investor protections and political reforms remain uncertain, drawing skepticism from exiles and local officials.