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The US doesn't impose secondary sanctions on Cuba, and a number of European countries have been doing a brisk business with Cuba for 50+ years now. In particula
by hash872 4y ago
The US doesn't impose secondary sanctions on Cuba, and a number of European countries have been doing a brisk business with Cuba for 50+ years now. In particular Spanish countries have a number of investments there. In other words, 75% of the world economy is perfectly free to trade with Cuba and has been since before Jimmy Carter was President. I don't really agree with all of America's Cuba policy, but there's a big difference between US-only sanctions and secondary (i.e. on other country) sanctions.
Also worth noting that US sanctions have a longtime exemption for American farmers to sell agricultural goods there
- graeme 4y agoThe actual effect of the sanctions is at a level somewhat higher than the Jones act has on Puerto Rico. 1. They forbid ships from docking at Cuba and then in the US (same as puerto rico) 2. They also forbid US companies from dealing with Cuba (worse impact than Puerto Rico) I think the sanctions are far less of a big deal than detractors say: Cuba's overwhelming issues are its domestic issues. But, the sanctions aren't nothing, unless you think Jones act restrictions don't hurt Puerto Rico or that banning all US trade with Puerto Rico wouldn't hurt it.
- difosfor 4y agoFrom what I understand for some reason the US embargo also affects us in the Netherlands to the effect of blocking money transfers from Dutch to Cuban bank accounts. I think the US is bullying these banks into joining them somehow. It's f'ed up if you ask me.