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US Treasury sanctions entities related to Venezuela, Cuba reacts

UNITED STATES, WASHINGTON (OBSERVATORY) — The US Treasury on Tuesday (September 24th) imposed sanctions on four entities, accusing them of transporting oil and oil products from Venezuela to Cuba and continuing to circumvent US sanctions. The Cuban president responded by saying that his country would stand up to pressure from the White House.

Since the United States imposed sanctions on the Venezuelan state oil company last January, Cuba’s national oil import and export company and other organizations in that South American country continue to circumvent the sanctions by receiving Venezuelan oil shipments.

US Treasury Secretary Steven Mnuchin announced that the United States would continue its hostile policy against Venezuelan leader Nicolas Maduro.

The organizations targeted by the US sanctions include Cypriot company Caroil Transport Marine Company, based in Cyprus, and three groups based in Panama.

In response to recent US sanctions against Venezuela, the Cuban president has accused the United States of interfering with the transportation of Venezuelan oil to Cuba.

Cuban President Miguel Diaz Canel on Tuesday accused the United States of “blackmail” to prevent the export of Venezuelan oil to Cuba, which has been facing severe fuel shortages for about seven days.

“They [the Americans] are trying to prevent Venezuela’s fuel from reaching Cuba, they are extorting money from companies that trade with our country,” the Cuban president said on Cubadebate official website.

The US Treasury on Tuesday imposed new sanctions on shipping companies based in Cyprus and Panama to violate what he named the violation of sanctions, aiming at the delivery of oil to Venezuela and Cuba.

Miguel Diaz Canel wrote on Twitter: “The US government is pursuing a cruel and deadly policy by reinforcing its sanctions (in force for years) and its financial harassment while blocking the delivery of oil to Cuba. “Our country will resist and win,” he added.

Cuba has been experiencing severe fuel shortages for almost 10 days, as a result of US sanctions imposed on Venezuelan oil tankers in recent months.

This resulted in the formation of long queues at the country’s petrol stations, but on Monday and Tuesday the situation seemed a little calmer.

However, according to Cuban Interior Minister Betsy Diaz Velazquez, urgent economic measures had been taken on the food supply but had affected other products such as soap and laundry powder.

The Cuban president promised that oil tankers would arrive at the end of September in the country and that the situation would return to normal in October.

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