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Topic: |
History
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Number of pages / Number of words: |
4 / 956 |
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The dominant feature of the Cuban economy between 1960 and 1989 was massive Soviet economic assistance, estimated to have peaked at nearly $6 billion annually in the late 1980s. The Soviet countries provided three types of economic assistance for Cuba: guaranteed export markets for Cuba's main exports: sugar and nickel; long-term supply and delivery agreements with prices set on terms favorable to Cuba; and trade credits to support Cuba's ability to import other products...
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The main idea of the Cuban-Soviet relationship was exports of Cuban sugar and nickel, in exchange for Soviet petroleum products and machinery. US embargo in place since, illicit migration to the US - using homemade rafts, smugglers, air flights, or using the southwest border - is a continuing problem...
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