The United States is targeting Cuba’s oil giant while China and Havana are deepening bipartisan ties
G trends
The Trump administration on Thursday imposed sanctions on Cuba’s state-owned oil and gas company, escalating pressure on the communist government in Havana and targeting a sector central to the island’s deepening energy crisis.
The move came hours after senior Chinese and Cuban officials held a video conference to discuss bilateral cooperation and relations between the two parties.
According to statements issued by Chinese and Cuban officials, the talks took place Liu Hai XingHead of the International Department of the Central Committee of the Communist Party of China, and Emilio Lozada Garcia, Head of the International Relations Department of the Communist Party of Cuba.
The two sides exchanged views on implementing the agreements reached by the leaders of the two countries, expanding exchanges between parties, and strengthening what they described as Cuban Chinese community With a common future.
US Secretary of State Marco Rubio He announced sanctions against Union Cuba-Petroleo, known as CUPET, under Executive Order 14404, an action signed by the US President. Donald Trump In May, he authorized widespread restrictions on Cuban government entities and officials.
Trump has vowed to “take over” Cuba as the island suffers a total power outage linked to the oil embargo
This designation prohibits CUPET’s property and interests from being subject to U.S. jurisdiction and increases the risk of sanctions against foreign companies and financial institutions that engage in certain transactions related to the Company.