US Moves to Shut Down Family Remittances to Cuba

Illustration: coha.org

HAVANA TIMES – The US Department of State announced on Wednesday new sanctions against seven Cuban entities, for allegedly using their profits to “oppress the Cuban people and finance their interference in Venezuela,” reported Progreso Semanal.

The Trump administration chose the 89th birthday of Cuba’s supreme leader, Raul Castro, to further tighten the screws on the Havana regime and the Cuban population. According to previous estimates, at least a third of the Cuban population depends in part on remittances from family and friends abroad.

In a press release, the State Department detailed that the seven entities are managed by the Cuban military. Besides the Fincimex financial institution, which funnels remittances, three hotels; two diving centers and a marine park for tourists were also punished.

“Most of the Cuban tourism industry is owned and operated by the Cuban Army. We urge anyone visiting the Island to be a responsible consumer and avoid providing additional funds to Castro’s repressive and abusive regime, “said Secretary of State Mike Pompeo.

A Western Union representative told Reuters that the leading remittance company is studying the measure and declined to comment at this time.

In response, Cuban Foreign Minister Bruno Rodríguez called the intensification of the blockade against the Island “shameful” and “criminal”, even more in the midst of the coronavirus pandemic. “I strongly reject the sanctions announced by Secretary Pompeo against seven Cuban entities, designed to affect Cuban families,” he tweeted.


11 thoughts on “US Moves to Shut Down Family Remittances to Cuba

  • June 23, 2020 at 12:40 pm
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    Sendvalu is a Swiss Company that works out of Malta for tax purposes, you can send money to an AIS card which takes 6 weeks for your family in Cuba to get due to Cuban inefficiency LOL. After your family have a AIS card, transfers take about a day. Funny how the USA government has no problem with Saudi Arabia’s government but Cuba?

  • June 9, 2020 at 2:29 am
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    “Castro’s repressive and abusive regime”, said Secretary of State Mike Pompeo. This description is more suitable to the U.S.A.!

  • June 6, 2020 at 11:09 am
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    Curt I want ppl like you to see cubans happy living in a democratic society with multiple choice. Anyway the are 200,000 Cubans in the bottom of the Atlantic they were looking for freedom. 6 decades of misery is enough. You just want cheap mulatos and rum and because u R a tourist being treated like a king.

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