OFAC OKs Limited Oil Sales to Cuba, Russia Sales to India

Posted 3/6/26

The move creates a narrow exception to Washington’s broader Venezuela and Cuba sanctions posture: rather than broadly reopening Cuban fuel trade, OFAC said it will consider case-by-case licenses for resales of Venezuelan-origin oil that support Cuba’s private sector or humanitarian needs, while barring any involvement by the Cuban military, intelligence services, other restricted state entities, or Cuban-owned banks.

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