Rubio announces US sanctions on Cuban state-owned oil company

Secretary of State Marco Rubio announced sanctions against Cuba’s state-owned Union Cuba-Petroleo gas and oil company on Thursday as the Trump administration continues its pressure on the communist island nation.

Rubio announces US sanctions on Cuban state-owned oil company

TL;DR

  • The U.S. has sanctioned Union Cuba-Petroleo, a Cuban state-owned oil company.
  • Sanctions block all property and dealings between the U.S. and the company.
  • Executive order 14004 authorizes these sanctions to increase economic pressure on Cuba.
  • The Cuban government is accused of using energy rationing for repression and enriching elites.
  • The Trump administration aims to weaken the communist government and promote democracy in Cuba.