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Weekly Report - 08 September 2016 (WR-16-35)

CUBA: Drilling for cash

With the loss of the Venezuelan subvention, the Cuban government is suffering a severe liquidity crisis, as President Raúl Castro frankly admitted earlier this year, and the regime is leaving no stone unturned as it seeks sources of additional financing. Squeezing state workers is unlikely to deliver much of a windfall, and may come with political costs. The communist government is also looking further afield for economic support, including to its old partner, Russia.

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