US Blacklists Cuba's Cupet as Energy Crisis Deepens on the Island
Updated
Updated · Bloomberg · Jun 11
US Blacklists Cuba's Cupet as Energy Crisis Deepens on the Island
3 articles · Updated · Bloomberg · Jun 11
Summary
Thursday's move put Unión Cuba-Petróleo, or Cupet, on the Treasury Department's sanctions blacklist, tightening pressure on Cuba during a severe fuel and power crunch.
The action targets Cuba's state oil and gas company, striking at a core energy supplier as the communist-run nation struggles with a worsening crisis.
OFAC disclosed the designation in updated guidance, signaling a fresh escalation in US economic pressure on Havana.
The sanctions land at a particularly vulnerable moment for Cuba, where energy shortages have already become a central national strain.