Marco Rubio revealed sanctions on Thursday, escalating Trump administration’s pressure campaign against Havana’s military-controlled economy
Three Sherritt directors, including chairman Brian Imrie, also resigned with immediate effect.
Sherritt said sanctions measures announced by Washington on May 1 had already “materially alter[ed]” its ability to operate normally in Cuba. In addition to the Moa joint venture, the company owns a one-third stake in Energas, which accounts for about 10 per cent of Cuba’s electricity generation capacity.
Trump vows to ‘take’ Cuba as island reels from total power cut linked to oil embargo
Source: News - South China Morning Post
