Trump has recently increased pressure on the island nation of Cuba, adding March 17 Washington would be doing "something with Cuba" soon.

Russia warned Cuba is facing "unprecedented challenges" due to the ongoing U.S. oil blockade against the island.

Cuba is open to having a fluid commercial relationship with U.S. companies" and "also with Cubans residing in the United States and their descendants," Deputy Prime Minister Oscar Pérez-Oliva Fraga said in an interview in Havana.

President Donald Trump told reporters that he has the authority to do “anything” he wants with Cuba, indicating it could be next on his list of countries to “take.” The comments came as his

Perspective: Cuba is nearing breaking point, with its Communist system unlikely to survive in its current form.

Cuba says Cubans abroad – including Miami – can invest and own private businesses as talks with the US advance.

The United States has told Cuba that for meaningful progress to be made in negotiations, President Miguel Díaz-Canel must step down, said people familiar with the talks.