Politics

The Trump administration is authorizing American companies to resell Venezuelan oil to Cuba’s private sector at a time the administration is blocking oil supplies from Venezuela to the Cuban government.

The Treasury Department’s Office of Foreign Assets Control published new guidance on Wednesday, telling U.S. companies that it would view favorably applications for licenses seeking authorization for the resale of Venezuelan-origin oil for use in Cuba.

“This favorable licensing policy is directed towards transactions that support the Cuban people, including the Cuban private sector (e.g., exports for commercial and humanitarian use in Cuba),” the office said.