Obama’s statement was greeted with joy by many Americans who viewed this Cold War policy as antiquated and redundant. In a world where the Communist Soviet Union has long since collapsed, what sense does it make to keep punishing the Cuban people? Obama supporters used the president’s initiative as evidence of his superior statecraft in the face of Republican opposition by Cuba hard-liners like Florida Senator Marco Rubio.
What most Americans do not realize is that Obama’s change in policy is not the product of some enlightened awakening concerning foreign policy. Obama is reacting to occurrences that pose a significant geopolitical challenge to American hegemony in the Western hemisphere. The Russians and the Chinese have come knocking on America’s back door. From July 11 to 17, 2014, Russian President Vladimir Putin traveled through a multi nation Latin American tour ending with a summit of the BRICS nations (Brazil, Russia, India, China, and South Africa) in Fortaleza, Brazil. These nations are among the fastest developing economies in the world, and their combined efforts have been posing significant geopolitical challenge to America and its European allies all over the globe. This is particularly the case since the 2008 economic crash.
The first stop on Russian president Putin’s tour was the Republic of Cuba. It was announced by the Russian Kremlin’s news service that Putin agreed to absolve 90% of Cuba’s 32 billion dollar debt to Russia and, according to the Russian Times, the remaining 10% of Cuba’s debt would be re-invested back into Cuban infrastructure. For a relatively poor country like Cuba to have 90% of the debt to its once greatest economic benefactor forgiven is of epic importance to the Island nation. Furthermore, the Russians announced plans to develop infrastructure to build oil rigs for the valuable resource discovered off the coast of Cuba.
“The Latin America tour started with the visit to Cuba, where Putin signed a new agreement on oil exploration in Caribbean waters which contain most of the estimated 124 million barrels of the Island’s crude. The exploration will take place a few dozen miles from the US coast.”