U.S. Allows Russian Oil to Cuba, After Sanctions Waiver


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- The Trump administration has allowed 100,000 tons of 
Russian oil to land as emergency aid in embargoed Cuba, marking its second 
relaxation of restrictions on Russian oil after a 30-day sanctions waiver, 
media reports said Monday (3/30).

   Cuba had been heavily dependent on oil supplies from Venezuela but was 
effectively cut off from this since January, after U.S. President Donald Trump 
launched a military operation to depose Venezuelan President Nicolas Maduro. 
Trump subsequently threatened to impose tariffs on any country that sent crude 
to Cuba, before approving the Russian cargo last week.

   The U.S. sanctions waiver on Russian oil was announced separately last 
month. It allows through April 11 the sale, delivery and offloading of crude 
oil and petroleum products of Russian origin already at sea, to provide a 
relief to global supplies squeezed now by the Iran war.




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