The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 59 pips to 6.9398 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Chinese yuan strengthens to 6.9398 against USD Friday
As Cuba's fuel shortage deepens following a U.S. oil embargo imposed last month, Russia, Mexico and Chile have stepped in with humanitarian assistance while also calling for dialogue to ease tensions and address the sanctions.
On January 29, U.S. President Donald Trump signed an executive order threatening to impose tariffs on countries that sell or provide oil to the Caribbean nation. The embargo has sharply worsened the island nation's energy shortages, disrupting critical social services including healthcare and transportation.
"It is really serious. It hasn't been so tough for Cubans for many, many years. It isn't just the fact that some airlines can't come in -- some ones aren't coming in -- because they can't get fuel to get out. It means that the tourist industry, what little was left, has collapsed. And also cargo flights aren't getting in. Remember that without fuel, there's no electricity. There are constant blackouts. Hospitals are in trouble. The government's had to ration fuel. How do you get to work if public transport isn't working? So times really are very tough," introduced CGTN correspondent in Cuba Michael Voss.
"The Cubans are resilient. How can they manage to keep 1950s American cars on the road without any spare parts? Now people, for example, are stockpiling carbon so that they can cook on it. It's times [which] are very tough and it's very difficult to know where it's going to go from here," he added.
On Thursday, Kremlin spokesman Dmitry Peskov said Russia hopes to pursue constructive dialogue with the U.S. regarding the embargo and does not seek escalation over its assistance to Cuba. Russian media Izvestia, citing the country's embassy in Havana, reported that Moscow will soon deliver crude oil and fuel to Cuba as humanitarian aid.
The same day, two Mexican Navy logistics vessels carrying approximately 814 tonnes of humanitarian supplies docked at the Havana Port. The shipment, including milk powder, meat products, beans, biscuits and hygiene items, marked the first Mexican government aid to arrive following Washington's tariff warning. Mexican President Claudia Sheinbaum described the assistance as a gesture of "solidarity" and said Mexico is willing to facilitate dialogue between the U.S. and Cuba if both sides agree.
Chilean President Gabriel Boric also announced humanitarian support for Cuba, criticizing the recent tightening of U.S. measures as criminal actions and infringement to human rights of the whole Cuban nation, and calling for an end to the decades-long blockade. He said that while disagreements may exist, civilians, particularly children, should not bear the consequences.
The president also urged the international community to heed repeated United Nations General Assembly calls to lift the sanctions.
Cuba fuel crisis intensifies under U.S. embargo, international community extends humanitarian aids
