SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 19 Oct, 2019  

Cuba.Thmb.jpg Fresh US sanctions against Cuba for backing Maduro

Cuba.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 19 Oct, 2019
The US has announced a series of fresh sanctions against Cuba in retaliation over Havana's support for Venezuelan President Nicolas Maduro.

The announcement of new sanctions, which will come into effect on October 21, was made by the US Department of Commerce on Friday through the Federal Register, the government's official journal, reports Efe news.

This move "supports the Administration's earlier decision to hold the Cuban regime accountable for repressing its own people as well as continuing to provide support to the illegitimate (President Nicolas) Maduro regime", said the Commerce Department.

The agency's statement claimed that the Cuban regime "denies its citizens their fundamental rights" while supporting Maduro's government by providing it with Cuban troops and intelligence.

According to the document, starting on October 21, Washington will restrict Cuba's access to international goods containing 10 per cent of US-made components, a substantial reduction compared to the current 25-per cent cut-off.

The sanctions will prevent US companies and citizens from buying goods promoting Cuba's political system, though they do not limit purchases from the private sector.

The US allows donations of scientific, cultural and educational material to aid the Cuban general public, but has now included an exception to current regulations to ensure that the Havana government or the ruling Communist Party of Cuba do not benefit from the donations.

The Cuban government responded to the US' latest maneouver soon after the draft of sanctions was released.

Cuban President Miguel Diaz-Canel tweeted: "The US announces new measures tightening the blockade on Cuba. This action expresses impotence, moral degradation and imperial contempt. It's an inhuman, cruel, unjust and genocidal act that we strongly reject.

"We will not give in and shall give a sovereign response."

The island's Foreign Affairs Minister, Bruno Rodriguez Parrilla, also condemned the sanctions, which he described as "representative of a morally bankrupt policy, internationally isolated and promoted by a corrupt government".

Since taking office in 2017, US President Donald Trump has toughened Washington's diplomatic and economic stranglehold on Cuba by reducing diplomatic staff, imposing new trade sanctions, banning Cuban vessels and restricting American citizens' travel to the island.

These aggressive measures have had noticeable effects on Cuba's economy, particularly in areas such as tourism, which has seen a marked decline in the number of visitors.

Cuba was taken off the list in 2015 during the administration of Trump's predecessor, Barack Obama, who sought to reduce diplomatic tensions with Havana during his two terms in office.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter