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So if I, as an Irish citizen, decided to start a business that traded with Cuba, US companies would have no legal issues doing business with me?
by Devasta 2y ago
So if I, as an Irish citizen, decided to start a business that traded with Cuba, US companies would have no legal issues doing business with me?
- Aloisius 2y agoThe EU passed a statue (No 2271/96) in 1996 that blunted the US' ability to sanction EU companies for trading with Cuba. The statue gives EU companies the ability to recover damages caused by the Helms-Burton Act. They even threatened to counter-sanction US companies making Title III complaints. The result of multiple countries passing similar blocking statues was that the Helms-Burton Act had been suspended by every President from 1996 until 2019 when Trump decided to reactivate it. According to an EU report on the statue, there have been threats of US legal action, but no mention of any EU company has actually been sanctioned.