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On 25 February 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issues new guidance allowing companies to apply for licences to resell Venezuelan-origin oil to the Cuban private sector for commercial or humanitarian use. Under this favourable licensing policy, transactions must support the Cuban people and must not benefit Cuban military, intelligence, or government institutions, and are consistent with the terms of General License 46A.
Wednesday, 25 February, 2026