ADAPTATION OF CUBA'S AGRI-FOOD MARKET IN THE FACE OF ECONOMIC SANCTIONS

Issue № 5, 2023, article № 8, pages 102-111

Section: International relations and world agricultural experience

Language: Russian

Original language title: АДАПТАЦИЯ АГРОПРОДОВОЛЬСТВЕННОГО РЫНКА КУБЫ В УСЛОВИЯХ ЭКОНОМИЧЕСКИХ САНКЦИЙ

Keywords: AGRICULTURE, AGRICULTURAL SECTOR, AGRI-FOOD MARKETS, ECONOMIC SANCTIONS, STATE REGULATION, AGRI-FOOD PRODUCTS, RUSSIA, FOREIGN COUNTRIES, CUBA, USA

Abstract: International sanctions against Cuba were imposed by the United States of America in 1960. A total trade embargo was imposed, bans were imposed on all international banking payment and settlement operations, it was forbidden for USA citizens to visit the country, and telecommunications communication was interrupted. After more than 60 years, some sanctions against Cuba have been relaxed, some, on the contrary, have been strengthened. The prolonged application of economic sanctions has not achieved its goal and has not led to a change in the political regime in Cuba, but it causes significant economic damage to the country. The basis of the country's economy is the agricultural sector, whose products were widely represented in the commodity nomenclature of Cuban exports before the sanctions were imposed. The introduction of the USA international trade embargo has led to significant currency losses of the country. Despite the harsh sanctions pressure, Cuba has adapted its agri-food market, using the full potential of rational land use aimed at reducing the negative impact of agriculture on the ecosystem and has achieved high production rates with low energy consumption and external resources. Among the achievements of Cuban agriculture on an agroecological basis, it should be noted, in particular, the production of environmentally friendly food products, the reduction of imports of food and chemical fertilizers.

Authors: Prokhorenko Oksana Sergeevna