c-cont-RTXP9W6-Desmond Boylan

Venezuela’s crisis is hurting its friendship with Cuba

70%

Trade between Venezuela and Cuba dropped 70% between 2014 and 2016.

Published   |  Photo by Reuters/Desmond Boylan
c-cont-RTXP9W6-Desmond Boylan
70%

Both Venezuela and the national oil company are in deep crisis, so the country is less able to export oil to Cuba and to buy goods from the island.

c-cont-RTXP9W6-Desmond Boylan
70%

That cool down was one of the main factors that made Cuba go into recession in 2016, for the first time since the 1990s.

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70%

The countries strengthened their partnership during the governments of Fidel Castro and Hugo Chávez. Though Cuba is recovering from its recession, trade with Venezuela is still down.

Published

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