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 said in a statement.

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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Source: Insider Paper