<P> After the failed coup attempt on August 1991, Cuban leaders, feeling they had less to lose, began to openly criticize the reforms in the U.S.S.R. An editorial in Granma several days after the coup wrote, "in the Soviet Union, politicians favor the process of privatization and the acceleration to the market economy . These positions have resulted in the development of these events ." </P> <P> During the period from 1985 - 1991, Soviet - Cuban relations continued, as Moscow wanted the relationship reformed, not terminated and the Cubans relied on continued Soviet investment and trade . Perestroika and Gorbachev's other reforms quickly eroded the economic and political alliance between the Cubans and Soviets as it became increasingly difficult for the Soviets to maintain their trade commitments to Cuba . After 1989 Castro publicly criticized Soviet reformism, yet he hoped Soviet communism would survive perestroika . </P> <P> The subsequent dissolution of the Soviet Union in 1991 had an immediate and devastating effect on Cuba . Cuba lost valuable aid and trading privileges after the fall of the Soviet Union, soon after entering a fiscal crisis . While throughout the 1990s and into the present, Cuba maintained and built up relationships with other Latin American neighbors and non-aligned countries, as the only Marxist nation within the Western Hemisphere, Cuba was no longer able to maintain their political status . After the shift to world market prices under the 1991 trade agreement and the dissolution of CMEA, which had once accounted for almost 85 percent of Cuban trade, trade with the Soviet Union declined by more than 90 percent . The Soviet Union alone imported 80% of all Cuban sugar and 40% of all Cuban citrus . Oil imports dropped from 13 million tons in 1989 to about 3 million tons in 1993 from Russia . The end of communism in Europe resulted in the end of Cuban - Soviet relations and great isolation and economic hardship in Cuba . </P> <P> As per the Russian Embassy's site . </P>

How did the fall of the soviet union affect cuba's economy
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