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Trump says no more Venezuelan oil or money to go to Cuba, demands ‘deal’

Trump says no more Venezuelan oil or money to go to Cuba, demands ‘deal’

Summary

President Donald Trump announced that Venezuela will no longer send oil or money to Cuba, urging Cuba to make a deal with the U.S. This decision is part of increased pressure on Cuba, following the U.S. actions against Venezuelan President Nicolas Maduro. Cuban leaders have rejected Trump's threats, asserting their nation's independence and right to import fuel from any willing supplier.

Key Facts

  • President Trump stated that Venezuela will stop sending oil and money to Cuba.
  • Trump suggested that Cuba should negotiate a deal with the United States.
  • The U.S. has increased its tough stance on Cuba recently.
  • Venezuelan oil is a major source of energy for Cuba, covering about half of its oil deficit.
  • No Venezuelan oil shipments have reached Cuba since January 3.
  • Cuban President Miguel Diaz-Canel affirmed Cuba’s independence and rejection of U.S. threats.
  • Venezuela's oil supply to Cuba has decreased due to reduced refining capacity over the years.
  • Mexico has become an important, though smaller, supplier of oil to Cuba due to recent political changes in Venezuela.
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