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<h1 id="reader-title">Press Release by the Cuban Mission “Obama
has fined 49 companies for violating the Embargo against Cuba”</h1>
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<p>source Permanent Mission of Cuba to the United Nations
- October 8, 2016<br>
</p>
<p>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. </p>
<p>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. </p>
<p>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 sector. </p>
<p>The entities that have been fined by the United States
since 17 December 2014, for violating the US Embargo are
listed as follows: </p>
<p>Commerzbank, from Germany: $ 1.710.000.000, 00</p>
<p>PayPal, from the United States: $ 7 658 300</p>
<p>Navigators Insurance Company (“Navigators”), from the
United States. : $ 271 815</p>
<p>Crédit Agricole, from France: $ 1 116 893 585</p>
<p>Gil Tours Travel, Inc., from the United States: $ 43
875</p>
<p>WATG Holdings, Inc. (WATG), from the United States: $
140.400,00</p>
<p>CGG Services S.A., from France: $ 614 250</p>
<p>Halliburton, from the United States: $ 304 706</p>
<p>Undoubtedly, the Embargo persists. It harms the Cuban
people and, in like manner, affects third States.<br>
<a rel="nofollow"
href="http://cuba-networkdefenseofhumanity.blogspot.com/2016/10/press-release-by-cuban-mission-obama.html">Cuba-Network
in Defense of Humanity. In defense of the truth and
plurality information</a></p>
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