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US sanctions Cuban firm for facilitating Venezuela’s oil trade

Treasury action against Corporacion Panamericana means property and interests in the property of that company subject to US jurisdiction are blocked, and US citizens are generally prohibited from having transactions with it. The company is judged to have been acting on behalf of Cubametales, a Cuban firm already subject to US sanctions, in prohibited oil and gasoline trades

Washington has imposed sanctions on a number of Cuban companies for doing business with Caracas as part of its efforts to force Venezeula's president Nicolas Maduro out of office

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