US Treasury Allows Licensing for Venezuelan Oil Resale to Cuba
The Treasury Department says firms may apply for licenses to resell Venezuelan oil to Cuba’s private sector, signaling case-by-case approvals.
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Unknown, Cuba • Waxing Gibbous
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The U.S. Treasury just opened a narrow but meaningful door in the Caribbean energy chessboard: companies can apply for licenses to resell Venezuelan oil to Cuba’s private sector, with approvals expected to be case-by-case, not automatic.
This isn’t a headline “sanctions relief” moment—it’s a licensing instrument moment. And those are the kind that look small on paper, then quietly reshape supply chains, compliance risks, and political leverage across Venezuela–Cuba–U.S. sanctions administration.
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