Description
STOCKSHOTS of economic transactions at small and informal enterprises in Cuba's capital Havana. Under US sanctions since 1962, Cuba began timidly opening up to private capital in the 1990s before fuller authorization in 2010 followed by a boom after a warming of ties with Washington under then-president Barack Obama. In August 2021, Havana gave the green light for small and medium enterprises to start operating on the island. The country is battling its worst economic crisis in 30 years, fueled by toughened sanctions under the administration of Donald Trump and the fallout from the coronavirus crisis, which has hit Cuba's crucial tourism sector hard. STOCKSHOTS