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Cuban economy needs ‘urgent changes’ as US blockade deepens crisis, says president

Miguel Díaz-Canel cites China and Vietnam as possible models for opening up the country’s economy

Cuba’s economy needs urgent changes to overcome a crisis intensified by a US oil blockade, the president, Miguel Díaz-Canel, has said in a speech to Communist party leaders.

“The situation calls for urgent and necessary changes,” Díaz-Canel told the party’s politburo in his frankest admission yet of the need to overhaul the country’s communist model.

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Jun 18, 2026 Cuba US news World news

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