IBOV 185,814.09 ▼ 0.86% IPSA 11,449.60 ▲ 0.20% IPC MEX 64,276.72 ▼ 0.28% MERVAL 2,969,545 ▼ 0.94% COLCAP 2,612.48 ▲ 0.92% BVL PERÚ 60,625.42 ▼ 1.56% USD/BRL5.16▼ 0.15% USD/MXN17.56▲ 0.16% USD/CLP960.98▼ 0.15% USD/COP3,271▲ 1.94% USD/PEN3.39▲ 0.23% USD/ARS1,516▲ 0.08% USD/UYU40.05▲ 2.82% USD/PYG5,905▲ 2.38% USD/BOB12.01▲ 26.86% USD/DOP59.24▲ 0.75% USD/CRC447.19▲ 3.18% USD/GTQ7.63▲ 3.19% USD/HNL26.85▲ 3.19% USD/NIO36.62▲ 2.62% USD/VES851.37▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.76▲ 2.68% EUR/BRL5.88▲ 0.76% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,814.09 ▼ 0.86% IPSA 11,449.60 ▲ 0.20% IPC MEX 64,276.72 ▼ 0.28% MERVAL 2,969,545 ▼ 0.94% COLCAP 2,612.48 ▲ 0.92% BVL PERÚ 60,625.42 ▼ 1.56% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Thursday, September 24, 2026

Russian-Backed Tech City in Cuba: Big Plans, Bigger Challenges

By · August 6, 2025 · 2 min read

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Russian and Cuban officials unveiled Cayo Digital with ambitious goals. They want to build a modern “tech city” on Cuba’s Isle of Youth. Russia’s government confirms it is leading the project’s planning and investment.

They aim for Cayo Digital to house 15,000 people: mostly tech experts and students. The plan features high-end offices, laboratories, factories, schools, stores, and services, spreading across 450 hectares.

Russia says it will bring its experience in cybersecurity, digital finance, and educational technologies. The project claims it will boost Latin America’s digital future.

Officials argue this “sovereign” technology zone will ensure all data and systems stay in local hands. However, Cuba faces deep economic troubles. Official data and government reports confirm ongoing shortages of food, energy, building materials, and medicine.

Many Cuban neighborhoods still struggle with daily blackouts and slow or expensive internet. Authorities themselves acknowledge the country’s ongoing exodus of skilled professionals.

Russian-Backed Tech City in Cuba: Big Plans, Bigger Challenges
Russian-Backed Tech City in Cuba: Big Plans, Bigger Challenges.
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While Russia promotes Cayo Digital as an opportunity for growth, facts show it serves Russia’s trade and digital ambitions as well.

By setting up a tech hub in Cuba, Russian companies hope to enter regional markets and sidestep Western economic sanctions, using “Latin American” branding for products and services.

Official documents also show Russian IT infrastructure can support government surveillance, which some Cubans and foreign experts warn could stifle free activity.

Construction of the first buildings is set for 2026 or 2028, with plans to open fully in 2032. But given Cuba’s current shortages, many doubt the project will deliver on its promises.

The contrast is clear: the official narrative offers hope, but the daily hardships for most Cubans remain unchanged.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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