CURRENT AFFAIRS

Detailed explanation-1: -U.S. diplomatic representation in Cuba is handled by the United States Embassy in Havana, and there is a similar Cuban Embassy in Washington, D.C. The United States, however, continues to maintain its commercial, economic, and financial embargo, making it illegal for U.S. corporations to do business with Cuba.

Detailed explanation-2: -Cuba has developed a growing relationship with the People’s Republic of China and Russia. In all, Cuba continues to have formal relations with 160 nations, and provided civilian assistance workers – principally medical – in more than 20 nations.

Detailed explanation-3: -In 2021, of the $323.5 million in U.S. exports to Cuba, the top commodity sector was Agriculture (91.3%), followed by Special Classification Items (3.4%), and Oils, Minerals, Lime, and Cement (2.6%).

Detailed explanation-4: -During the term of President Obama, diplomatic ties between the two countries were resumed with the Embassy of the United States of America re-opening in Havana and the Cuban embassy re-opening in Washington, D.C. Diplomatic relations were officially established on July 20, 2015.