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CEPR Sanctions Watch February 2026

CEPR Sanctions Watch February 2026

Trump’s oil blockade fuels a crisis in Cuba as the US and Israel strike Iran. Trump eases sanctions on Venezuela’s oil and gas sectors, while Canada relaxes sanctions on Syria. The EU fails to adopt its 20th package of Russia sanctions.

The Mexican Navy ship ARM Huasteco (AMP01) is seen on the shores of Havana on March 1, 2026. On February 24, the Mexican government dispatched two military ships carrying nearly 1,200 tons of supplies to Cuba, the second shipment sent to the island, which is mired in a deep economic crisis and under intense pressure from the United States. (Photo by ADALBERTO ROQUE / AFP via Getty Images)
CEPR Sanctions Watch January 2026

CEPR Sanctions Watch January 2026

Trump eases some sanctions on Venezuela’s oil sector while maintaining the naval blockade and threatening tariffs on countries shipping oil to Cuba. Treasury Secretary Bessent says protests in Iran were sparked by sanctions-fueled economic crisis. 

Cerro El Ávila - Caracas. Cityscape view with tall buildings in the foreground and lush, green mountains in the background under a clear blue sky.