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US Issues Licensing Guidelines for Resale of Venezuelan Oil for Use in Cuba
U.S. issues guidelines on licenses for resale of Venezuelan oil for use in Cuba
FILE PHOTO: A tourist takes photos of the sunset at the Malecón facing the sea, while the United States blocks oil shipments arriving at the island nation, in Havana, Cuba. February 11, 2026. REUTERS/Norlys Perez/ · Reuters
Reuters
Thu, February 26, 2026, 1:52 a.m. GMT+9 1 min read
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WASHINGTON, Feb 25 (Reuters) - The U.S. Department of the Treasury announced on Wednesday that it will implement a policy favorable to specific license applications seeking authorization for the resale of Venezuelan-origin oil for use in Cuba, according to guidelines published on the department’s website.
The favorable licensing policy targets transactions that support the Cuban people, including the private sector, as indicated, while transactions involving or benefiting the Cuban military or other government institutions would not be covered.
(Report by Bhargav Acharya; written by Daphne Psaledakis; edited by Costas Pitas; Spanish editing by Ricardo Figueroa)
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