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U.S. authorizes resale of Venezuelan oil to Cuba for private sector

A loaded oil tanker tanker enters Matanzas Bay off Havana, Cuba, on February 16 and docks near the city’s energy logistics port amid ongoing U.S. energy sanctions on the island. Russia has been sending fuel considered to be aid. Photo By EPA

Feb. 26 (UPI) — The U.S. Office of Foreign Assets Control said it will allow certain operations to resell Venezuelan-origin oil destined for Cuba, provided the fuel is used by citizens and private companies on the island.

The island nation relied for years on Venezuela for fuel, but shipments stopped after the United States captured Nicolás Maduro on Jan. 3 and took control of Caracas’ energy industry.

After the operation, President Donald Trump repeatedly warned that Cuba was on the brink of economic collapse, and he threatened to impose further economic pressure on the country to reach an agreement with the United States. Trump has not publicly defined what kind of agreement he seeks.

The trade measure, published Wednesday, says that the transactions must comply with the conditions of General License 46A for Venezuela. This license is an authorization issued by foreign assets office that allows companies to conduct operations involving Venezuelan oil under specific terms, despite the sanctions in place against that country’s energy sector.

Companies that seek authorization will not need to have an entity established in the United States, and the usual Cuba-related restrictions set out in that license will not apply.

The Treasury Department specified that the policy will cover only exports for commercial or humanitarian purposes that benefit Cuba’s private sector.

Operations involving the Cuban armed forces, intelligence services or other government entities will not be permitted, including those listed on the U.S. Department of State’s Cuba Restricted List.

The Treasury Department recalled that the Commerce Department primarily regulates the export or re-export of U.S.-origin oil to Cuba.

Under the Support for the Cuban People License Exception, certain exports of gas and other petroleum products intended to improve living conditions and support independent economic activity in Cuba do not require separate authorization from foreign assets office provided the applicable terms are met.

The agency referred to its Frequently Asked Question 1226 for the definition of “Venezuelan-origin oil,” which includes petroleum products.

Preliminary data from the Energy Information Administration show that Venezuela exported 339,000 barrels per day of crude to the United States in the third week of February.

At the same time, regional fuel supply to Cuba has been limited. On Jan. 29, the Trump administration declared a national emergency with respect to Cuba, creating a new mechanism to impose tariffs on imports from any country that provides oil to Havana.

On Feb. 17, Mexican President Claudia Sheinbaum said her government would not send fuel to Cuba “for now” amid the current situation and potential U.S. trade measures.

Cuba faces fuel shortages that have affected electricity supply, transportation and other basic services, and it relies heavily on oil imports.

Separately, the Russian Embassy in Havana confirmed two weeks ago that Russia will send crude oil and refined products to Cuba as humanitarian assistance.

Russia is sending the oil directly, not through intermediaries, and the shipments are considered to be aid, not commercial sales.

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At least one killed in widescale Russian attacks on Ukraine’s energy sector | Russia-Ukraine war News

Main target was the energy sector, but residential buildings and a railway were also damaged, Ukrainian President Volodymyr Zelenskyy says.

Russia has launched dozens of missiles and hundreds of drones at Ukraine, killing at least one person, according to Ukrainian officials.

The most powerful attacks were reported in the regions of Kyiv, Odesa and Kharkiv, the officials said on Sunday.

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Ukraine’s air force said Moscow launched 50 ballistic and cruise missiles and 297 drones overnight, the majority of which were intercepted.

“Moscow continues to invest in strikes more than in diplomacy,” Ukrainian President Volodymyr Zelenskyy said, adding that this past week alone, Russia launched more than 1,300 drones, ‌more than 1,400 guided aerial bombs and 96 missiles against Ukraine.

The president added that Sunday’s attacks targeted the Dnipro, Kirovohrad, Mykolaiv, Poltava and Sumy regions.

The main target of the attack was the energy sector, but residential buildings and a railway were also damaged, he noted.

In a separate incident in the western city of Lviv, which has been largely spared the worst of the conflict, a policewoman was killed and 25 people were injured in the detonation of explosive devices inside a shop on a central shopping street.

Hours later, law enforcement said it had arrested a Ukrainian woman suspected of carrying out the bombing, without providing any further details and saying an investigation was ongoing.

Kyiv attack

Mykola Kalashnyk, head of Kyiv’s military administration, said on Telegram that Russian forces targeted five districts in the Kyiv region, injuring at least 15 people, including four children, and killing one person.

Russian attacks were also reported in the eastern region of Kharkiv, where Governor Oleh Syniehubov said at least 12 settlements were targeted and six people injured.

In southern Ukraine, fires broke out in the region of Odesa as Russian drones struck energy infrastructure, according to Governor Oleh Kiper.

“Fortunately, there were no deaths or injuries. An assessment of the state of energy facilities and elimination of the consequences is ongoing,” Kiper wrote on Telegram.

Ukrainian rescuers work at the site of a heavily damaged house following an air attack in Sofiivska Borshchagivka, Kyiv region on February 22, 2026, amid the Russian invasion of Ukraine.
A Ukrainian emergency crew works at a heavily damaged house after an air attack in Sofiivska Borshchagivka in the Kyiv region [Henry Nicholls/AFP]

Attacks on Ukraine’s energy facilities have become a near-daily occurrence in winter during Russia’s war in Ukraine, which started almost four years ago when Russian President Vladimir Putin ordered a full-scale invasion of the neighbouring country.

These attacks deprive millions of Ukrainians of heat, power and running water as temperatures have dropped below minus 10 degrees Celsius (14 degrees Fahrenheit), causing thick ice to cover roads and the Dnipro, Europe’s fifth largest river.

Last week, Russia unleashed a barrage of nearly 400 drones and 29 missiles on Ukraine’s energy infrastructure on the first day of two days of peace negotiations in Geneva, its second large-scale blow in six days.

On February 12, another attack had left 100,000 families without electricity and 3,500 apartment buildings without heat in Kyiv alone.

Sunday’s attacks come as the United States is trying to reach a ceasefire between Kyiv and Moscow.

But these efforts – including the talks in Geneva last week and two earlier sessions in the United Arab Emirates – have failed to reach any breakthrough.

A core sticking point is territory. Russia wants Ukraine to pull out from the remaining 20 percent of its eastern region of Donetsk that the Kremlin’s forces have failed to capture – something firmly rejected by Kyiv.

Ukraine does not want to make territorial concessions and is demanding clear security guarantees that it will not be attacked by Russia again if a ceasefire is reached.

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