12th April 2019
Venezuela’s state-run PDVSA has shipped 1 million barrels of oil to Cuba days after the United States imposed fresh sanctions on vessels and firms involved in exports to the island in an effort to halt oil trade between the political allies, according to a PDVSA document and tanker tracking data. Read More
12th April 2019
A British subsea service provider and its affiliates have agreed to improve their sanctions compliance controls and pay $441,000 for willfully violating US prohibitions on doing business with Cuban and Iranian entities. Norwich, England-based Acteon Group Ltd, its British offshore engineering subsidiary and two Malaysian affiliates will pay nearly $228,000… Read More
5th March 2019
The Trump administration said on Monday it would allow lawsuits by U.S. citizens against dozens of Cuban companies and other entities on Washington’s blacklist but will maintain, for now, a ban against suing foreign firms doing business on the communist-ruled island. The move marked an intensification of U.S. pressure on… Read More
7th December 2018
AP — Cuba’s government has modified a series of measures unpopular with the country’s private sector, including lifting restrictions on the number of business permits a person can have and the number of chairs there can be in restaurants, a top official said Wednesday. In July,… Read More
9th October 2018
The US Treasury’s Office of Foreign Assets Control (OFAC) has reached a $5,263,171 settlement with JPMorgan Chase Bank (JPMC) over violations pertaining to sanctions, covering Iran, the Cuban assets control rules and weapons of mass destruction proliferators. The transactions were net settlement payments, of which a ‘very small portion’… Read More
11th July 2018
AP — A 16-month freeze on new private restaurants and bed-and-breakfasts will end in December when Cuba’s communist government implements new regulations meant to prevent tax evasion and the accumulation of wealth, state media said Tuesday. Cuban officials who announced the change said that the private… Read More
18th April 2018
Most of Camilo Condis’ family emigrated from Communist-run Cuba to the United States seeking a better life, but the 32-year-old decided to stay after Raul Castro became president a decade ago and promised change. Seeking to make socialism sustainable, Castro introduced some market reforms to the state-run economy and secured… Read More
8th November 2017
The US government announced new Cuba sanctions on Wednesday, tightening restrictions as part of President Donald Trump’s pledge to roll back his Democratic predecessor’s move toward warmer ties with Havana. The changes, which take effect on Thursday, are aimed at preventing US trade and travellers… Read More
20th June 2017
In the first response by a Cuban official to a new, harsher Cuba policy unveiled by President Donald Trump last week, Foreign Minister Bruno Rodriguez said Monday that the island’s government would not buckle to the new sanctions.  … Read More
19th June 2017
Russia on Sunday accused the U.S. of returning to “almost forgotten Cold War rhetoric,” after President Donald Trump’s decision to reinstate some sanctions on Cuba. It could have dropped “forgotten.” There’s been a lively debate among historians and diplomats for years over whether the souring of relations between the U.S. Read More