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26.02.26 - 22:36
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US Treasury To Allow Resale Of Venezuelan Oil To Cuba to Ease Island′s Fuel Crunch (ZeroHedge)
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US Treasury To Allow Resale Of Venezuelan Oil To Cuba to Ease Island's Fuel Crunch
Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
The U.S. Treasury Department on Wednesday announced a new licensing policy to streamline the resale of Venezuelan oil to Cuba, with the goal of supporting the island's private sector and bolstering humanitarian efforts amid ongoing fuel crises.
The refinery El Palito in Puerto Cabello, Carabobo state, Venezuela, on Jan. 22, 2026. Ronaldo Schemidt/AFP via Getty Images
The Office of Foreign Asset Control (OFAC) will extend the new licensing policy to specific applications seeking authorization for the resale of Venezuelan oil for use in Cuba.
The move was done “in accordance with the United States' support and solidarity for the Cuban people,” reads the new policy.
The policy does not cover entities or persons connected to the Cuban military, intelligence services, or other government institutions, including entities on the U.S. State Departmen...
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