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Essay

The Cuban Embargo

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Issue:

Business

 

Written by:

Jae J

 

Date added:

May 12, 2015

 

Level:

 

Grade:

A

 

No of pages / words:

19 / 5128

 

Was viewed:

1257 times

 

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Essay content:

The average Cuban's standard of living remains at a lower level than before the downturn of the 1990s, which was caused by the loss of Soviet aid and domestic inefficiencies. Since late 2000, Venezuela has been providing Cuba oil on preferential terms, and it currently supplies about 98,000 barrels per day of petroleum products...
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Cuba has been paying for the oil, in part, with the services of Cuban personnel, including some 20,000 medical professionals. In 2006, high metals prices continued to boost Cuban earnings from nickel and cobalt production. Havana continued to invest in the country's energy sector to mitigate electrical blackouts that have plagued the country since 2004...
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