US EditionUS says it will allow resale of Venezuelan oil to Cuba
The U.S. Treasury's guidance allows licensed resale of Venezuelan oil to Cuba's private sector, excluding government or military use, aiming to ease fuel scarcity for Cubans.
- The US Treasury Department will allow companies to resell Venezuelan oil to private businesses in Cuba for commercial and humanitarian use, easing fuel shortages while maintaining the embargo on Cuba's government institutions.
- Since January, Cuba's oil supply from Venezuela ceased after Washington took control of Venezuelan oil exports, worsening Cuba's energy crisis, with Mexico also halting shipments due to US pressure.
- The new policy excludes transactions benefiting the Cuban government and military but supports private sector activities to aid the Cuban people.
36 Articles
36 Articles
US to allow resale of Venezuelan oil to Cuba, Treasury says
The U.S. Treasury Department will authorize companies to resell Venezuelan oil to Cuba, aiming to alleviate the island's severe fuel shortages. This move follows Washington's control over Venezuelan oil exports, which previously halted supplies to Cuba. The guidance emphasizes that transactions must benefit the Cuban people and private sector, excluding military or government entities.
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US eases ban on Venezuelan oil to Cuba as crisis alarms Caribbean
The United States on Wednesday eased its ban on Venezuelan oil exports to Cuba after the communist-run island plunged into an economic crisis, which Caribbean leaders warned could bring instability to the region.
US Makes Limited Exception to Cuba Energy Embargo
Washington is opening the tap on fuel headed to Cuba ever so slightly. New Treasury Department guidance says Venezuelan oil can now be resold to private businesses on the island for commercial and humanitarian use, carving out a limited exception to President Trump's energy embargo , the Wall Street Journal reports....
This decision allows transactions that «support the Cuban people», including exports for commercial and humanitarian use on the island, but that do not...
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