The first consequences for Mexico for giving oil to Cuba continue to arrive. The Export-Import Bank of the United States (Exim) canceled a loan to Pemex worth 800 million dollars, news that was not made public to avoid a political and financial scandal.
Financial sources in Washington stated that all the paperwork had been formalized and the loan was approved.
To grant it, Exim – the official credit agency that promotes exports and investment by the American private sector abroad – required social and environmental impact studies that Pemex satisfied, thereby obtaining the green light for financing.
It was at that time that the donations of more than a million barrels of oil to Cuba, valued at 77 million dollars, between June and July were made known, which was enough reason to cancel the financing. The bank agreed at that time, apparently at Pemex’s express request, to keep it quiet to avoid high-level disputes. In this regard, the oil company proceeded to withdraw the loan application without explanation, as stated in the file.
However, the revelations about the cancellation of the loan show that the measure was not preventive, but a reaction to the sanction.
The measure affects Pemex exclusively –and with it the Mexican oil sector–, but not the rest of the country’s economy. Despite this, Milenio points out in an opinion article, “It is an aggravating factor for Mexico’s main state-owned company, bankrupt, indebted, inefficient and infected with corruption, that it now suffers restrictions similar to those that Exim applies to countries that are on the blacklist.” Among them, in the region, are Bolivia, Haiti, Nicaragua, and Venezuela.
Despite this, Claudia Sheinbaum’s government continues to give away Mexican oil and has already sent 16,900 barrels per day at an approximate cost of 400 million dollars.
Despite all the oil that Mexico is giving to Cuba, the island has been in darkness for 7 days and there is no basic food. If you are not a tourist, Cubans face appalling poverty, they cannot eat meat, chicken, or beef, only the food sold to tourists, especially homosexuals and pedophiles who come to the island.
Source: ONEXPO
