The U.S. Embargo Against Cuba Violates International Law and Must Be Lifted By David Starr The recent blackouts on the island nation of Cuba are a reminder of the consequences of the 60-year-old U.S. embargo, or as Cubans call it, The Blockade. Cubans, however, are a resilient people and have effectively coped with it, despite those consequences. It can’t be denied that the embargo has done its damage over the years. Economically, Cuba has had to cope with a major loss of revenue. In an annual report published by the Cuban government, it is estimated that Cuba has lost over the equivalent of five billion dollars between March 2023 and February 2024. This loss was 189.9 million dollars higher than the previous 12 months. At the close of 2023, Cuba’s gross domestic product (GDP) decreased to 1.9%. The USA has allowed restricted commercial activities with Cuba “through exemptions and licenses,” quoting from On Cuba News , “under certain conditions – such as payment in cash
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Showing posts from November, 2024