Subscriber Only
economics
U.S. Sanctions Firms That Carry Much of Venezuela's Oil to Cuba
By-
Four firms that own nine vessels are named and targeted
-
The goal is to make Cuba’s support of Maduro costly to it
The U.S. sanctioned four companies it says transport much of the 50,000 barrels of oil that Venezuela provides to Cuba each day in an effort to punish the island nation for its support of Venezuelan President Nicolas Maduro.
The companies and nine vessels they own account for perhaps half of the oil that Venezuela sends to Cuba in exchange for the social, intelligence and strategic support Havana provides Maduro, according to a senior official speaking on condition of anonymity. The U.S. is determined to sever the U.S.-Cuba economic relationship, the official said.
