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The US Treasury licensed fuel deliveries to Sherritt's Moa nickel operation in Cuba on 20 October, but restarting the mine needs a second license. The post Sherritt Wins Fuel License for Cuba Oct 20 appeared first on The Rio Times.
Dozens of Air China passengers stranded in Cuba by successive cancellations were due to fly out on an extra flight on Monday, as a US oil embargo deepens the island’s energy crisis. The disruption has hit one of Cuba’s last direct air links to Europe, the Chinese carrier’s twice-weekly route between Beijing and Havana via Madrid. Air China added flight CA590 for travellers whose regular CA866 service was cancelled before October 10, the Chinese embassy said in a notice on Sunday. The flight was...
Cuba inflation reached 28.44% in September, and the average state wage of about US$9.25 a month at the informal rate stays under US$10. The post Cuba Inflation Rises to 28.44% in September appeared first on The Rio Times.
Cuban energy minister denies link to fuel shipments intercepted by US, says oil imports by private firms insufficient.
Cuba informal market closed Saturday 3 October at 785 per US dollar and 885 per euro, far above the official 695. What it means for visitors. The post Cuba Informal Market Pushes Peso to 785 per Dollar as Euro Hits 885 appeared first on The Rio Times.
US fuel exports to Cuba hit a record 3.22 million barrels in July 2026, four times June and mostly diesel, as US goods sales to Cuba hit US$148.9 million. The post US Fuel Exports to Cuba Hit a Record 3.2 Million Barrels in July 2026 appeared first on The Rio Times.
Cuba's central bank orders zero tolerance for corrupt staff. It names no case, but came days after bank workers in Santiago de Cuba were reported detained. The post Cuba’s Central Bank Orders Zero Tolerance for Bank Staff Amid Cash Shortage appeared first on The Rio Times.
Cuba's informal exchange rate has hit new highs, with the US dollar at 730 pesos and the euro at 840, while the Central Bank's own rate trails near 678. The post Cuba Informal Exchange Rate Hits New Highs of 730 Pesos to the US Dollar appeared first on The Rio Times.