US targets Cuba oil giant as China and Havana deepen party ties
The United States has imposed sanctions on Cuba's state-owned oil and gas company, Union Cuba-Petroleo (CUPET). This action, announced by Secretary of State Marco Rubio, aims to increase pressure on Cuba's government. The sanctions block CUPET's assets under US jurisdiction and warn foreign entities against engaging in transactions with the company. This development occurred shortly after high-level discussions between Chinese and Cuban Communist Party officials regarding bilateral cooperation and shared future initiatives. AI
