Banking on Bolshevism. Brazil’s “caviar left” spending billions to revive Cuba’s broken communist economy
Although the government of Russian president Vladimir Putin has authorized writing off 90% of Cuba’s $32 billion debt Kremlin policy toward the Castro regime is characterized by caution. Foreign direct investment by the Russian Federation in Cuba remains insignificant. But Cuba’s economic future is up for grabs and Brazil’s socialist elite is playing the non-aligned card, taking big risks in a gambit to control part of the action. Moving forward with a strategy driven by members...