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Experts Denounce Damage from US Blockade Against Cuba
The impact on the financial and commercial sector as a result of the economic blockade imposed by the United States against Cuba, is tangible, part of that hostile policy boosted against the island for more than 50 years, experts said in a special videoconference hosted yesterday between Havana and Washington.
Source
Prensa Latina
Date
The impact on the financial and commercial sector as a result of the economic blockade imposed by the United States against Cuba, is tangible, part of that hostile policy boosted against the island for more than 50 years, experts said in a special videoconference hosted yesterday between Havana and Washington.
Andres Zaldivar, research fellow at the Center for the Study of Global Economy, pointed out that the U.S. blockade on Cuba had increased during the administration of President Barack Obama, with the strengthened persecution of financial institutions engaged in transactions with the island.
From 2010 to 2014, of 130 extraterritorial actions developed against the Caribbean nation, 81 were in the financial sphere, while 38 entities were fined a collective total of more than $11.5 billion USD, he stated.
Zaldivar also stressed that these sanctions are even levied against U.S. allies, as denoted by the recent $9 billion dollar fine imposed against the French bank BNP Paribas.
Josefina Vidal, Director General of the department at the Cuban Ministry of Foreign Affairs that deals with the United States, also told the press that Washington is continuing with its policy of punishing Cuba, unable to forgive it for having taken the reins of its own destiny.
U.S. scholars criticized the implementation of the economic blockade and stated that the elimination of the policy will not only benefit Cuba, but also U.S. companies interested in trading with the island.
Andres Zaldivar, research fellow at the Center for the Study of Global Economy, pointed out that the U.S. blockade on Cuba had increased during the administration of President Barack Obama, with the strengthened persecution of financial institutions engaged in transactions with the island.
From 2010 to 2014, of 130 extraterritorial actions developed against the Caribbean nation, 81 were in the financial sphere, while 38 entities were fined a collective total of more than $11.5 billion USD, he stated.
Zaldivar also stressed that these sanctions are even levied against U.S. allies, as denoted by the recent $9 billion dollar fine imposed against the French bank BNP Paribas.
Josefina Vidal, Director General of the department at the Cuban Ministry of Foreign Affairs that deals with the United States, also told the press that Washington is continuing with its policy of punishing Cuba, unable to forgive it for having taken the reins of its own destiny.
U.S. scholars criticized the implementation of the economic blockade and stated that the elimination of the policy will not only benefit Cuba, but also U.S. companies interested in trading with the island.