Arab Today, arab today us trade embargo costs cuba nearly 834bn
Last Updated : GMT 05:39:40
Arab Today, arab today
Arab Today, arab today

Cuban FM Bruno Rodriguez:

US trade embargo costs Cuba nearly $834bn

Arab Today, arab today

Arab Today, arab today US trade embargo costs Cuba nearly $834bn

FM Bruno Rodriguez
Havana - Arab Today

A five-decade U.S. trade embargo against Cuba has cost it nearly 834 billion U.S. dollars and continues to hamstring its development despite recent diplomatic breakthrough between both sides, Cuban Foreign Minister Bruno Rodriguez said Wednesday.

"The reality is that the trade embargo persists and even now does not allow Cuba to export or import products or services from or to the United States, use the dollar as part of financial transactions with third countries, nor use bank credits," Rodriguez told reporters.

While Cuba "appreciates" the recent progress in bilateral ties with Washington, he said, it must denounce the fact that the embargo not only remains in place, but "continues to strengthen."

Rodriguez presented a report on the embargo that Cuba plans to submit to the United Nations General Assembly on Oct. 27.

Titled "The necessity of ending the economic, commercial and financial blockade imposed by the United States on Cuba," it denounces "the damage caused by this hostile policy for over five decades, which has cost the country billions, and has hampered the comprehensive development of Cuba's children and youth," according to state daily Granma.

Cuba has presented the report annually since 1992, but this will be the first time it submits the study to the UN since the two nations restored diplomatic ties in July.

From 2014 to 2015, said Rodriguez, the United States continued to strengthen the economic and trade barrier against Cuba "with marked and growing extraterritorial character," especially in the area of finance, by targeting Cuba's transactions.

"The diplomatic ties cannot be normalized as long as the embargo exists," he said.

In July, U.S. President Barack Obama announced that Washington and Havana had agreed to formally re-establish diplomatic relations and reopen embassies, in what he called "a historic step in our efforts to normalize relations with the Cuban government and people."

While diplomatic ties have been restored, the U.S.-led trade embargo, which harms Cuba's development, is still in force. The White House has called on Congress to lift the blockade, which however was rejected by the majority of the legislature.

Source: XINHUA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us trade embargo costs cuba nearly 834bn Arab Today, arab today us trade embargo costs cuba nearly 834bn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us trade embargo costs cuba nearly 834bn Arab Today, arab today us trade embargo costs cuba nearly 834bn

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday