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Cuba puts embargo losses at 8,083 million dollars in one year

The report Cuba presents to the UN attributes 8,083.3 million dollars in losses to the U.S. embargo between March 2025 and February 2026, its highest figure yet; Diario de Cuba argues that the government sidelined the power sector in favour of tourism for years.

Cuba puts at 8,083,300,000 dollars the losses caused by the U.S. embargo between March 1, 2025 and February 28, 2026, the highest figure it has on record and 7% above the previous report, according to the text published by Cubadebate. The data come from Cuba's report under resolution A/RES/80/4 of the UN General Assembly.

Tourism, with 2,093,914,700 dollars, is the sector with the largest loss in the annex and accounts for more than a quarter of the total; the power sector, with 802,352,780, is third, at close to 10%. Together, 35.8%.

The report details the effect on the power system: some 1,400 megawatts of available capacity that are not generated for lack of fuel, diesel engines operating at 18.5% and fuel-oil engines generating 14.5% of what was planned. The electricity plan was met at 54.6% in the economy and at 83% in the residential sector, which the document translates into more than 20 hours of outages as a national average.

The text recalls that in the first half of 2026 a single tanker arrived, from Russia, with 100,000 tonnes of crude as humanitarian aid, and that at the end of May the shortfall against plan was 2,667,800 tonnes. It cites Executive Order 14380, signed on January 29, 2026, which authorized tariffs on countries supplying oil to Cuba and which the Supreme Court struck down for other countries, and Executive Order 14404, of May 1, which allows the blocking of assets of foreign entities in strategic Cuban sectors.

In parallel, the counsellor of Cuba's Permanent Mission in Geneva, José Ernesto Díaz Pérez, told UNCTAD that the embargo worsens access to basic goods and asked that the forum's report reflect the effect of unilateral coercive measures. According to official figures cited by Granma, damage to the agri-food sector in that same period exceeded 848 million dollars.

Diario de Cuba argues, on the basis of its own investigation, that the regime is reinforcing its "victimhood narrative" about the embargo ahead of the UN vote and that it blames the United States for the crisis of a power system it sidelined in favour of tourism for years.

Sources: Cubadebate · Granma · Diario de Cuba · Serie Yamacoa: Afectación eléctrica máxima prevista en el horario pico (Unión Eléctrica (UNE))

Data updated: 2026-10-23T16:15:00.000Z

Cuba puts embargo losses at 8,083 million dollars in one year | Yamacoa Observatory