US prepares major economic agreement with Cuba after cutting off oil supplies

Thanh Hà |

The US is preparing an economic agreement with Cuba and this agreement may be announced soon.

Two well-informed sources revealed the US-Cuba economic agreement with USA Today. Details of the potential agreement and the exact timing have not yet been revealed.

However, the agreement between the US and Cuba may include easing restrictions on Americans traveling to Havana, Cuba. Mr. Trump will not need to be approved by the US Congress to implement easing measures of this type.

The discussions are also likely to involve Cuban President Miguel Díaz-Canel, leader Castro's family as well as agreements on ports, energy and tourism. The US government has mentioned lifting some sanctions against Cuba.

After the US arrest of Venezuelan President Nicolás Maduro and the sudden disruption of Venezuelan oil trips to Cuba, President Donald Trump's administration is promoting Cuba-related moves through economic agreements prioritizing US interests, avoiding a full-scale confrontation.

President Barack Obama relaxed some regulations on Cuba in the last years of his term, but Donald Trump restored some regulations in his first term.

President Donald Trump's administration is also pursuing an economic strategy, but many well-informed sources note that this strategy is different from what Mr. Obama has done.

President Trump has publicly stated that Foreign Minister Marco Rubio is discussing with the Cuban government and emphasized that Washington wants to reach an agreement.

When asked to comment on the possibility of reaching a US-Cuba economic agreement, the White House quoted Mr. Trump's comments at the Americas Shield summit on the Cuban situation, emphasizing Cuba's financial and oil difficulties.

Mr. Trump said that Cuba is negotiating with Secretary of State Rubio, himself and other members of the administration. "I think an agreement with Cuba will be very easy to implement" - he said.

Thanh Hà
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