On 3rd July, the US Treasury advised that OFAC had designated Cubametales, the Cuban state-run oil import and export company, for its continued importation of oil from Venezuela. It says that Cuba, in exchange for this oil, continues to provide support, including defence, intelligence, and security assistance, to the regime of President Nicolas Maduro. It says that under a 2000 agreement Venezuela exports oil to Cuba, and in return, Cuba provides assistance to several sectors of the Venezuelan economy, to include the provision of medical services, technology, and military assistance. Cubametales is based in Havana and is responsible for guaranteeing 100% of imports and exports of fuels and imports of additives and basic oils for lubricants to and from Cuba. Additionally, the US Treasury asserts, Cubametales has been the recipient, and charterer, of shipments of oil from Venezuela to Cuba and has expanded its operations to include non-traditionally traded oil products such as sulphur fuel and diluted crude oil.