Cuba plans to open up to investment from nationals living in U.S., as Trump puts pressure on island
CBSN
The Cuban government is planning to allow Cuban nationals who live abroad — including in the U.S. — to invest in companies on the island, a top government official told NBC News in an interview that aired Monday, as the country faces economic collapse and immense pressure from the Trump administration.
The Cuban government is planning to allow Cuban nationals who live abroad — including in the U.S. — to invest in companies on the island, a top government official told NBC News in an interview that aired Monday, as the country faces economic collapse and immense pressure from the Trump administration.
"Cuba is open to having a fluid commercial relationship with U.S. companies [and] also with Cubans residing in the United States and their descendants," Deputy Prime Minister Oscar Pérez-Oliva Fraga said in an interview with the outlet. He added that the country is open to "not only small investments, but also large investments, particularly in infrastructure."
Fraga indicated that the new policy would be announced Monday night.
CBS News has reached out to the White House for comment.
It marks a notable shift for the country, which has had a largely state-controlled economy for decades and heavily restricted residents from starting private businesses until 2021.
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