CARNIVAL CORPORATION FIRST TO SUE UNDER TITLE III OF THE HELMS-BURTON ACT

The EU Sanctions Blog reported on 3rd May that Carnival Corporation cruise ship line has become the first US company to commence proceedings under Title III of the Helms-Burton Act for “traffick[ing] in stolen properties” – port terminals and warehouse facilities in Santiago de Cuba nationalised by Castro following the Cuban Revolution.

https://www.europeansanctions.com/2019/05/carnival-corporation-1st-helms-burton-act-claim/

EXPLAINER: US SANCTIONS AND VENEZUELA’S EXPORTS AND IMPORTS

On 3rd May, Reuters published an article saying that Venezuela’s oil exports – accounting for more than 95% of the country’s export revenue – have dropped by some 40% since January.  At the same time, it has been unable to import all the fuel it needs for blending with its heavy crude, as well as for domestic consumption.

https://www.reuters.com/article/us-venezuela-politics-crude-exports-expl/explainer-u-s-sanctions-and-venezuelas-exports-and-imports-idUSKCN1S82BI