[News] Obama has fined 49 companies for violating the Embargo against Cuba

Anti-Imperialist News news at freedomarchives.org
Tue Oct 11 10:20:30 EDT 2016


  Press Release by the Cuban Mission “Obama has fined 49 companies for
  violating the Embargo against Cuba”

source Permanent Mission of Cuba to the United Nations - October 8, 2016

A total of 49 fines have been imposed, during Barack Obama’s 
Administration, to US and foreign entities for violating the US Embargo 
against Cuba, according to the records of the Office of Foreign Assets 
Control (OFAC) of the US Government.

The cumulative value of such fines amounts to $ 14,397,416,827, an 
unprecedented figure in the history of the application of the US Embargo 
against Cuba, despite both countries reestablished diplomatic relations 
more than a year ago, after more than half a century without embassies 
and with Washington’s economic, financial and commercial siege against 
the small Caribbean country, which is still in force.

Following the announcement of December 17, 2014, when the process of 
normalization of relations between Cuba and the United States began, 
eight entities have been fined (5 American and 3 foreign) by a 
cumulative value of $ 2,836,681,581, with marked extraterritorial nature 
and its corresponding intimidating effect on the banking and corporate 

The entities that have been fined by the United States since 17 December 
2014, for violating the US Embargo are listed as follows:

Commerzbank, from Germany: $ 1.710.000.000, 00

PayPal, from the United States: $ 7 658 300

Navigators Insurance Company (“Navigators”), from the United States. : $ 
271 815

Crédit Agricole, from France: $ 1 116 893 585

Gil Tours Travel, Inc., from the United States: $ 43 875

WATG Holdings, Inc. (WATG), from the United States: $ 140.400,00

CGG Services S.A., from France: $ 614 250

Halliburton, from the United States: $ 304 706

Undoubtedly, the Embargo persists. It harms the Cuban people and, in 
like manner, affects third States.
Cuba-Network in Defense of Humanity. In defense of the truth and 
plurality information 

Freedom Archives 522 Valencia Street San Francisco, CA 94110 415 
863.9977 www.freedomarchives.org
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