Press Release of the Embassy of the Republic of Cuba in the Kingdom of the Netherlands on the Report presented by Cuba on resolution 74/7 of the United Nations General Assembly, “Necessity of ending the economic, commercial and financial blockade imposed by the United States of America against Cuba”.
The Report covers the period from April 2019 to March 2020, marked by a serious setback in the bilateral relations between Cuba and the United States and a progressive tightening of the economic, commercial and financial blockade.
The Embassy would like to highlight that examples of tightening of US blockade during this period are the numerous regulations and provisions issued by the U.S. government against Cuba reached unprecedented levels of hostility. The possibility to bring claims under Title III of the Helms Burton Act in the US tribunals; the increased prosecution of Cuban financial and commercial transactions; the prohibition of flights from the USA to the provinces of Cuba, except for Havana; the intimidations of companies that send fuel supplies to Cuba, and campaign to discredit Cuban Medical Cooperation Programs, among others examples.
Actions and sanctions adopted by the US government are particularly alarming in 2019 with the imposition of 90 coercive economic measures against Cuba, and the monitoring ships and shipping companies that transport fuel to the Island. In this regards, were adopted illegal sanctions against 27 companies, 54 vessels and 3 individuals linked to the commercial sector. Penalty to 12 American and third country entities for violating regulations from the Office of Foreign Control (OFAC) were imposed, which in total exceeds 2.4 billion dollars, and application of the Helm-Burton Act as a mechanism for illegal pressure against third countries, their governments and companies.
The effect and obstacles provoked by the US blockade against the economic development that Cuba is building in a sovereign manner are clear and quantifiable. No sector of the Cuban economy escapes the effects of the blockade, even the Cubans living abroad cannot carry out transactions normally, just because they have Cuban nationality. The accumulated damage over almost six decades of implementation of this policy amounts to USD 144,413,400,000. Taking into account the depreciation of the dollar against the value of gold on the international market, the blockade has caused quantifiable damages of over USD 1,098,008,000,000. This value represents a growth of 19 percent over the previous period, as a result of the increase in the price of gold by 18.3 percent. Between April 2019 and March 2020, the blockade causes losses estimated to amount to 5 thousand 570, 3 million dollars.
The Embassy would like to invite to all interest people to read this report in the following link: http://www.minrex.gob.cu/en/report-cuba-resolution-747-united-nations-general-assembly-necessity-ending-economic-commercial-and
The Hague, November 4th, 2020