Cuba suffered a record $8 billion in economic losses between March 2025 and February 2026 as a result of the longstanding US embargo, Foreign Minister Bruno Rodríguez said on Monday.
According to Rodríguez, the figure represents a 7% increase compared with the previous reporting period and reflects the economic impact of the embargo imposed by the United States since 1962.
Speaking in Havana, the Cuban foreign minister said the total does not include losses linked to what the government describes as an energy blockade, which has been in effect for the past seven months.
Energy sanctions not yet included
Rodríguez said the reported $8 billion figure excludes the effects of energy-related restrictions introduced at the end of January, as well as secondary sanctions imposed in May.
"These figures do not include the damages caused by the energy blockade, nor the secondary sanctions imposed in May," he said.
The minister argued that the true economic impact on the island is therefore significantly higher than the amount currently reported.
No talks planned with Washington
Rodríguez also said there have been no negotiations with the United States and that there is currently no timetable for future talks, despite what he described as an intensification of sanctions under the Trump administration.
According to Cuban authorities, the sanctions continue to affect access to international trade, finance and energy supplies, at a time when the country remains under severe economic pressure.
The announcement comes as Cuba continues to grapple with shortages of fuel, electricity disruptions and broader economic challenges linked to declining growth and limited access to foreign currency.
Source: CNA.
