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CUBA | New US Sanctions to close 400 Western Unions in Cuba

Featured CUBA | New US Sanctions to close 400 Western Unions in Cuba
HAVANA,  Cuba, October 20, 2020 - Cuban Foreign Minister Bruno Rodríguez has confirmed that over four hundred Western Union offices in Cuba will close their doors within thirty days due to new economic embargo regulations against the Cuban government imposed by the Trump administration.

On Tuesday, the Trump administration published new economic sanctions which prohibit the participation of companies controlled by the Cuban military in the processing of remittances.

In a statement, Secretary of State Mike Pompeo said that the measure seeks to cut the Cuban military out of the business and cut off funds that flow to Cuban security agencies accused of human rights violations in Cuba and Venezuela.

Cuban Foreign Minister Bruno Rodríguez lamented that the strengthening of the blockade by the United States against Cuba particularly within the contest of the COVID-19 pandemic shows its contempt for the Caribbean people.

Through his Twitter account, Rodríguez denounced the implications of the additional sanctions modifications announced by the US Department of the Treasury, which prevent the sending of money through northern companies with general licenses.

In this regard, he wrote: 'The US coercive measures against our country and the attack on remittances are aimed at harming Cuban families.'

A press release from the Cuban financial institution Fincimex confirmed that the provisions directly attack family remittances, even when Washington spokesmen lie and try to show that the limitations are only for a specific entity.

These announcements, amid the Covid-19 pandemic, underscore the cynicism, contempt for the Cuban people and the opportunism of the US government, the statement said.

He adds that family remittances to the Caribbean island are continually politicized by the anti-Cuban extreme right, and that since September 2019 the United States government has applied coercive measures to restrict the flow of remittances.

Although the White House acts to damage these ties, the majority of Cuban emigrants in the northern nation support the existence of stable ties with their families, the entity says.

“Fincimex, as part of the Cuban financial system, is the entity that by sovereign decision of the Cuban government has been in charge of guaranteeing remittances to Cuba from the US, which will be totally interrupted” by the new measures, the statement said.

However Western Union which handles the majority of the funds sent to the island from the United States, says it will continue to look for alternatives to maintain the service.

For now, customers can continue to send money to Cuba because the Trump administration gave U.S. companies 30 days to negotiate a solution with the Cuban government.

 

 

 

  • Countries: Cuba