China sells gasoline to Cuba and 'mocking' Trump: Charges $3.4 per liter for crude, double that of Mexico
A Chinese company is supplying gasoline to Cuba at prices much higher than those in Mexico, despite U.S. sanctions.
Despite the sanctions imposed by Donald Trump against countries selling oil to Cuba, a Chinese firm named Fujian Trebor Trading Company is reportedly selling gasoline on the island, primarily to micro, small, and medium enterprises (MSMEs). This move allows Cuba to circumvent some restrictions while providing essential fuel likely needed for local economic activity. The Chinese company, which presents itself online as a wholesaler of footwear, is offering fuel through a complex logistics chain.
Gasoline is priced at $2.50 per liter (43 Mexican pesos) for those who provide an empty isotank and $3.45 (59 pesos) per liter for those who do not, reflecting a significant markup compared to Mexican prices. As of February 20, the dollar is quoted at 17.16 Mexican pesos in the exchange market, adding another layer of cost for Cuban companies purchasing this fuel. The delivery is assured within 21 days post-payment, but interested parties must route their transactions through the state-importing company Quimimport, which specializes in the procurement of chemical products.
This development underscores the resilience of Cuba's economy amid ongoing U.S. sanctions, mobilizing resources from international suppliers, particularly from China. It also raises questions regarding the effectiveness of the sanctions, as China seems to be strategically positioning itself to fill gaps left by U.S. policies, complicating the geopolitical landscape in the region.