US imposes sanctions on Cuban state-owned oil company

The United States on Thursday announced sanctions against Cuba’s state-owned oil company Union Cuba-Petroleo (CUPET), increasing Washington’s pressure on the island nation’s energy sector. “Today, I am designating Cuba’s state-owned oil and gas company Union Cuba-Petroleo (CUPET), key assets of which were unlawfully expropriated from American owners years ago,” US Secretary of State Marco Rubio […] The post US imposes sanctions on Cuban state-owned oil company appeared first on Insider Paper.