US Sanctions Cuba's State Oil Company CUPET

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Castro's Indictment is For All of the Innocent Lives Lost

Castro's Indictment is For All of the Innocent Lives Lost

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Thursday, 11 June 2026 01:17 PM EDT

The United States issued sanctions against Cuban state oil company Unión Cuba-Petróleo (CUPET), the Treasury Department website ​showed on Thursday.

The action freezes any ⁠U.S. assets of the ​company and generally bars Americans from ⁠dealing with it.

Washington has imposed sanctions on an ‌array of Cuban entities ​and people, including ‌the island nation's president, ‌as it seeks to intensify pressure on Cuba's communist ⁠leaders.

The sanctions ‌follow the ⁠United States' declaration of ⁠a national ⁠emergency this year that would ‌impose tariffs on any country that supplies oil to the ‌island, ​a ‌move that has resulted in frequent power outages. 

© 2026 Thomson/Reuters. All rights reserved.

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