US President Donald Trump signed an executive order on Thursday, threatening to impose additional tariffs on countries that sell oil to Cuba, increasing pressure on the communist island nation.
“An additional ad valorem (estimated value) duty may be
imposed on imports of goods that are products of a foreign country that
directly or indirectly sells or otherwise provides any oil to Cuba,” read in
part the executive order released by the White House.
The order invokes the International Emergency Economic
Powers Act and calls the Cuban government an “extraordinary threat” to US
national security.
“The regime aligns itself with — and provides support for —
numerous hostile countries, transnational terrorist groups, and malign actors
adverse to the United States,” including Russia, China, and Iran, as well as
the militant groups Hamas and Hezbollah.
Cuba, which has largely been under a US embargo since 1962,
until recently received most of its oil from Venezuela.
But since the ouster of Venezuela’s autocratic president
Nicolas Maduro, Trump has taken the reins of the country’s oil sector and has
vowed to stop oil shipments to Cuba without an agreement.
The Caribbean island has experienced severe fuel shortages
in recent years, impacting its power grid and subjecting residents to
widespread blackouts.
Another Latin American country, Mexico, continues to provide
oil to Cuba, with President Claudia Sheinbaum earlier this week denying reports
she had ceased oil shipments to Havana.
AFP
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com