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Showing posts with the label remittances

The Criminal US Embargo on Cuba

Fall in line, be ‘a liberal free-marketeer’ and open your country to our capital. If we don’t invade you, we make sure we kill you slowly. “Cubans have lived under a US economic embargo since 1962. Now, following a disastrous currency reform, inflation is spiralling, food and medicines are in short supply, and the black market is rampant. Food scarcity drives prices up: queueing for vegetables, Havana, 31 March 2023.  Adalberto Roque · AFP · Getty After a period of relaxation during Barack Obama’s second term (2013-17), Donald Trump brought in 243 new sanctions. In 2019 alone, 54 ship owners and 27 companies were fined for carrying fuel to Cuba.  That same year, the US Treasury Department sanctioned 34 vessels operated by the companies Petróleos de Venezuela (PDVSA), Ballito Bay Shipping (headquartered in Liberia) and Proper In Management (registered in Greece). Trump expanded the embargo, enabling individuals and companies to be prosecuted for investing in former American com...