US sanctions on Cuba nickel operation prompt Sherritt board resignations
The United States has imposed new sanctions on a Cuba nickel operation, triggering immediate changes at Canadian company Sherritt and adding pressure to Havana's already strained economy.
Marco Rubio revealed the measures on Thursday.
Three Sherritt directors, including chairman Brian Imrie, resigned with immediate effect after the announcement.
Sherritt said sanctions announced by Washington on May 1 had already materially altered its ability to operate normally in Cuba.
The company is involved in the Moa joint venture and also holds a one-third stake in Energas.
The move matters because Energas accounts for about 10% of Cuba's electricity generation capacity, linking the sanctions to wider concerns over energy supply and industrial output on the island.
The action is part of a broader pressure campaign on Havana's military-controlled economy.
It also has implications for supply chains connected to China, according to the reporting provided.
Sherritt's role in Cuba has made it a key outside participant in the country's nickel and energy sectors.
