A flotilla of shipments from Venezuela gave Cuba some respite this week from cri...
HAVANA/MEXICO CITY - A flotilla of shipments from Venezuela gave Cuba some respite this week from crippling fuel shortages in the wake of tougher U.S. sanctions, while Russia’s prime minister pledged during a visit to the island on Friday to help develop its energy sector.
In response to the shortages, Cuba swiftly deepened austerity measures it had introduced since an economic meltdown in Venezuela, its principal supplier, choked off its energy imports. Following the shipments, there are no longer multi-hour queues at Cuban gas stations for gasoline, although diesel remains elusive.
Medvedev on Friday visited a horizontal oil well located in the Boca de Jaruco oil field in northern Cuba which is being developed by Russian and Cuban state-run companies Zarubezhneft and Cubapetroleo. However, analysts say Venezuela and Cuba will struggle to keep beating ever-tightening U.S. sanctions.
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