HAVANA, Cuba: Cuban President Raul Castro on Friday said that Donald Trump’s hard-line stance toward the country marks “a setback” in relations with the United States after ties were gradually restored in 2015.
“The announcements made by the current president... mean a setback in bilateral relations,” Castro said in remarks, broadcast on state television, at the closing of the first session of Cuba’s Parliament.
Castro criticized Trump’s partial rollback of his predecessor Barack Obama’s rapprochement with the communist island in comments made less than a week before the second anniversary of Havana embassy’s reopening in Washington on July 20.
The remarks came after Trump in June — standing before a crowd of anti-Castro activists in Miami’s Little Havana — announced tightened rules for Americans traveling to Cuba, banned ties with a military-run tourism firm and reaffirmed the existing US trade embargo.
The US president framed his measures as a move against a “cruel and brutal” regime, saying progress on bilateral relations would be hinged on concessions related to human rights.
Castro, 86, called the new measures a toughening of the US embargo against the island, imposed since 1962, saying they evoked “an old and hostile rhetoric that characterized the Cold War.”
He also denounced “the manipulation” of Cuba over human rights issues.
“Cuba has much to be proud of, and it does not have to receive lessons from the United States or anyone else,” he said during the session, which international press does not have access to.
“Any strategy that seeks to destroy the revolution, whether through coercion or pressure or through subtle methods, will fail,” he said.
Castro — who will leave the Cuban presidency in February 2018 — reiterated his willingness to continue “respectful dialogue” and negotiate bilateral issues “on the basis of equality” and recognition of “the sovereignty and independence of our country.”
The original Cuban government response to Trump’s declaration was restrained, expressing rejection of the tightened policy but emphasizing openness to continuing “respectful” negotiation.
Raul Castro warns of “a setback” in US-Cuba relations
Raul Castro warns of “a setback” in US-Cuba relations
US allows oil majors to broadly operate in Venezuela, new energy investments
- Treasury Department issues general license allowing Chevron, BP, Eni, Shell and Repsol to operate oil and gas operations in Venezuela
- Move is the most significant relaxation of sanctions on Venezuela since US forces captured and removed President Nicolas Maduro
WASHINGTON: The US eased sanctions on Venezuela’s energy sector on Friday, issuing two general licenses that allow global energy companies to operate oil and gas projects in the OPEC member and for other companies to negotiate contracts to bring in fresh investments. The move was the most significant relaxation of sanctions on Venezuela since US forces captured and removed President Nicolas Maduro last month.
The Treasury Department’s Office of Foreign Assets Control issued a general license allowing Chevron, BP, Eni, Shell and Repsol to operate oil and gas operations in Venezuela. Those companies still have offices in the country and stakes in projects, and are among the main partners of state-run company PDVSA.
The authorization for the oil majors’ operations requires payments for royalties and Venezuelan taxes to go through the US-controlled Foreign Government Deposit Fund.
The other license allows companies around the world to enter contracts with PDVSA for new investments in Venezuelan oil and gas. The contracts are contingent on separate permits from OFAC.
The authorization does not allow transactions with companies in Russia, Iran, or China or entities owned or controlled by joint ventures with people in those countries.
The licenses “invite American and other aligned companies to play a constructive role in supporting economic recovery and responsible investment, ” the US State Department said in a release. Additional authorizations may be issued “as necessary,” it said.
A spokesperson for Chevron, the only US oil firm currently operating in Venezuela, said the company welcomed the new licenses.
“The new General Licenses, coupled with recent changes in Venezuela’s Hydrocarbons Law, are important steps toward enabling the further development of Venezuela’s resources for its people and for advancing regional energy security,” the spokesperson said in a statement.
Eni said it is assessing the opportunities in Venezuela that the authorization opens up.
Oil law reform
The US licenses follow a sweeping reform of Venezuela’s main oil law approved last month, which grants autonomy for foreign oil and gas producers to operate, export and cash sale proceeds under existing joint ventures with PDVSA or through a new production-sharing contract model.
The US has had sanctions on Venezuela since 2019 when President Donald Trump imposed them during his first administration. Trump is now seeking $100 billion in investments by energy companies in Venezuela’s oil and gas sector. US Energy Secretary Chris Wright said on Thursday, during his second day of a trip to Venezuela, that oil sales from the country since Maduro’s capture have hit $1 billion and would hit another $5 billion in months.
Wright said the US will control the proceeds from the sales until Venezuela stands up a “representative government.” Since last month, the Treasury issued several other general licenses to facilitate oil exports, storage, imports and sales from Venezuela. It also authorized the provision of US goods, technology, software or services for the exploration, development or production of oil and gas in Venezuela.
The Venezuelan government expropriated assets of Exxon Mobil and ConocoPhillips in 2007 under then-President Hugo Chavez. The Trump administration is trying to get those companies to invest in Venezuela as well. At a meeting at the White House with Trump last month, Exxon Mobil CEO Darren Woods said Venezuela was “uninvestable” at the moment.
Wright said on Thursday that Exxon, which no longer has an office in Venezuela, is in talks with the government there and gathering data about the oil sector. Exxon did not immediately comment.
