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US Grabs Millions in Illegally Frozen Cuban Funds
Via NY Transfer News Collective * All the News that Doesn't Fit
Prensa Latina, Havana
http://www.plenglish.com
US Uses Blockade to Steal Cuban Money
Havana, Oct 1 (Prensa Latina) The richest country in the world, the
United States, behaves like a thief by robbing Cuban banks of money
illegally frozen, which it is supposed to conserve and protect.
The National Bank of Cuba had 47 million dollars in November 2006, but
at the beginning of this year Cuban authorities discovered the balance
was zero because the money was used to pay for a US judicial decision
against the Island.
Cuba denounced this and other situations in its recent re****t on the
consequences of the blockade that the UN General Assembly will discuss
and vote on October 30.
The re****t says that Cuban funds illegally frozen in US banks in 1959
under the "Cuban Assets Control Regulations" of July 8, 1963, have been
stolen as part of the blockade policy, paying two individuals $72
million from frozen assets of Cuban institutions.
The US has also obliged foreign banks to deny credit cards and close
Cuban accounts and SWIFT codes.
By US law, Cuba cannot use US dollars in its transactions that must
therefore undergo a highly risky double forex which losses from May
2006 to April 2007 totaled $28.9 million.
Cuba's re****t to the US Secretary General *****ses damages inflicted by
the US over the 47-year socio-economic blockade at over $89 billion.
The 2006 re****t "On the need to End the US Economic, Commercial and
Financial Blockade of Cuba", won sup****t from 183 countries.
ef ccs emw apf
PL-35
*
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