The decision to begin normalizing relations between United States and Cuba is a "survival strategy" for the island, AS/COA's Senior Policy Director Christopher Sabatini said on CNN. "The lifeline that Venezuela threw to Cuba...100,000 oil barrels per day, now looks like it's going to dry up," he added. Venezuela's falling oil prices and struggling economy mean that a closer relationship with the United States marks a strategic move for the island, said Sabatini. He also discussed how loosened travel and trade restrictions will effect investment in Cuba.
Thursday, December 18, 2014