Feb. 16 (UPI) -- Cuban authorities indefinitely postponed the Habano Festival, citing a severe energy crisis linked to fuel shortages. The event, considered a major international showcase for Cuba's premium cigars, generates millions of dollars annually for the government and serves as a key source of foreign currency.

Organizers said the festival, scheduled for Feb. 23 to 27, was "postponed until further notice," without providing a new date.

Habanos S.A., a joint venture between state-owned Cubatabaco and Iberian-British firm Altadis that exclusively distributes 27 premium Cuban cigar brands, confirmed the delay on its website.

Officials said the decision was intended to preserve "the highest standards of quality and experience," although Cuba continues to face strict fuel rationing.

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