Excerpt from...

"7 surprises from a visit to Cuba"

by Rick Newman, Senior Columnist at Yahoo Finance
January 19, 2023

 

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David R. Kotok - In the News

 

The Soviet Union backed Cuba from the 1960s until the USSR fell apart in 1991. That began a long period of economic isolation for Cuba, manifest now in thousands of Havana buildings that are falling down simply because nobody has the money or ownership interest to repair and maintain them. Nor has China recruited Cuba as an ally, as it has other nations in Africa and Latin America.

“It’s in the interest of the United States to open up because the Cubans clearly get nothing from Russian and nothing from China,” says David Kotok, chairman of investing firm Cumberland Advisors, who led the GIC delegation to Cuba. “If we keep this tourniquet around their neck, we force them into our adversaries’ camp. Opening up step by step would benefit Americans and those in the United States who would like to do business with Cuba.”


Read the full article at the Yahoo Finance site: https://money.yahoo.com/7-surprises-from-a-visit-to-cuba-175126441.html


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David R. Kotok
Published Date
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Yahoo Finance