Cuba allows overseas nationals, including U.S. residents, to own businesses amid economic crisis.

Cuba will allow its citizens living abroad, including those in the United States and their descendants, to invest in and own private businesses on the island, Deputy Prime Minister Oscar Pérez-Oliva Fraga announced in an exclusive interview. The move, part of broader economic reforms, aims to stimulate growth in sectors like tourism, mining, and infrastructure amid a severe economic crisis marked by fuel shortages, blackouts, and hospital disruptions. Fraga cited the U.S. blockade as a major obstacle, noting no petroleum shipments have reached Cuba in three months, worsening the energy crisis. The policy shift reflects efforts to engage the Cuban diaspora and attract foreign investment, though implementation details remain unclear.