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Cuban President Guarantees Protection to Foreign Investors

Featured Cuban President Miguel Diaz-Canel Bermudez guarantees protection from Washington's sanctions to foreign investments on the island. Cuban President Miguel Diaz-Canel Bermudez guarantees protection from Washington's sanctions to foreign investments on the island.
Havana, May 18 (Prensa Latina) Cuba''s President Miguel Diaz-Canel has stressed on Saturday his government will enforce all legal guarantees to protect foreign investments on the island from Washington''s sanctions.

The decision, he wrote in Twitter,  is part of the Cuban response to the activation of Article III of the Helms-Burton Act, with which the US Government pretends to choke the island economically.

Such article allows US federal courts to accept claims by individuals and companies over properties that were nationalized in Cuba in the wake of the triumph of the revolution in 1959, nationalizations done according to the island's Constitution and the international laws.

In his tweet, Diaz-Canel underlines the Helms-Burton Act 'is malformed legislation for its extraterritorial nature,' therefore it has no jurisdiction in Cuba.

The Cuban Foreign Ministry in another tweet called such legislation 'a law of the jungle', about which Havana and Washington will not be able to talk.

On Friday, a group of foreign business people confirmed their willingness to continue doing business in Cuba and hit out at Washington's pressures on the island and foreign companies in it.

Executives from over 136 enterprises with business in Cuba participated in that meeting at the National Hotel, headed by Minister of Foreign Trade and Investment Rodrigo Malmierca.

  • Countries: Cuba
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