Venezuela Inks MOU with American Oil Drilling Company

For colleagues who follow matters in Venezuela, it seems as if the Venezuela regime is supposedly inking contracts with American companies. According to an article that appeared in the government-owned Telesur media outlet, officials with Horizontal Well Drillers and the government have signed an MOU worth close to $1.3 billion. In the overall scheme of things, it …

Obama Cuba Deal Hurt American Farmers, Will Fare Better With Trump

Ever since President Donald Trump announced that he wanted a better deal on Cuba for U.S. taxpayers, opponents of Trump’s new approach have been lamented it will hurt American businesses, especially agriculture and others in the food industry. The U.S. Agriculture Coalition of Cuba, for example, issued a press release stating its members were “disappointed” …

Treasury Secretary Tells Congress That Economic Sanctions ‘Really Work’

Secretary of the Treasury Steven Mnuchin told Congress this week that he is devoting a considerable amount of effort on economic sanctions and enforcement. About half of his time, Mnuchin told Congress Wednesday, is dedicated to figuring out how to best use economic sanctions. In response to a question from Rep. Peter Roskam (R-Ill.) about the resources available for …

New U.S. Economic Sanctions on Iran in the Legislative Pipeline

While the mainstream focused on healthcare reform this week, the Trump administration and both chambers of the U.S. Congress were busy moving new regulatory and legislative product on Iran. If you guessed sanctions, you’d be right. By way of follow up to new economic sanctions announced March 21, the Trump administration blacklisted yesterday several foreign entities …

US Sanctions Venezuelan Vice President, Tareck Al Aissami

In a surprise move that barely registered with the Washington, DC press corps, the Trump administration yesterday afternoon announced that it has imposed economic sanctions on various Venezuelan companies and persons, including Venezuela’s Vice President, Tareck Al Aissami. Although Al Aissami was officially designated under the drug kingpin sanctions program, I think there is a lot …

Proposed Wyoming Law Would Ban Investments, Certain Business with Iran, Cuba Connections

Residents of the state of Wyoming know a thing or two, more like several billion dollars a years worth of knowledge, when it comes to international trade. On January 17, 2017, several influential members of the Wyoming legislature filed a bill that reinforces American values by “prohibiting the investment of Wyoming state funds Iran or Cuba.” Over …

Cuba Needs to Pay In Order to Play

Opponents of U.S. economic sanctions, especially many in Congress as well as K Street special interests, argue that U.S. sanctions have not worked and, as such, it is time to try something different. Academics, politicos, and lobbyists have built careers trying to undermine sanctions as a viable foreign policy tool and Cuba remains their poster child. Of course, …