"Cuba's annual Habanos cigar fair has been postponed, organizers said on Saturday. It comes as the Caribbean island struggles severe fuel shortages and power blackouts amid a US oil embargo. Habanos promises to reschedule The iconic Habanos Festival is held yearly in the Cuban capital, Havana, and features an auction of luxury cigars and containers, with proceeds from it being donated to the Cuban health system."
"Last year, the auction generated over $18 million (15 million). Cuban cigar manufacturer Habanos, which organizes the event, said in a statement on its website that the decision had been made with "with the aim of preserving the highest standards of quality, excellence and experience that characterize this international event." The statement said that the fair's organizing committee would set a new date in a "timely manner.""
The annual Habanos cigar fair in Havana has been postponed amid severe fuel shortages and widespread power blackouts caused by a US oil embargo. The Habanos Festival features a yearly auction of luxury cigars and containers, with proceeds donated to the Cuban health system. Habanos said the postponement was intended to preserve the event's quality and that the organizing committee will set a new date in a timely manner. Habanos is jointly owned by state company Cubatabaco and Spain-based Altadis and recorded $827 million in sales last year. Several other cultural events have also been postponed this month.
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