U.S. Blockade of Cuba Negatively Affects the Global Banking System

Edited by Juan Leandro
2013-11-28 14:05:33

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Havana, November 28 (RHC).-- Noted Cuban-American attorney Jose Pertierra has gone on record with the observation that the banking system of the entire world is directly affected in a negative manner by the US blockade of Cuba.

The international expert was answering questions about the closing by the M and T Bank of the account the Cuban Interests Section in Washington due to pressure from the US Government.

The Cuban Interests Section in Washington has been forced to suspend its consular services.

The closing of the Cuban diplomatic bank account now joins the list of restrictive and hostile actions of the US the international expert noted.

A few months back the Italian bank Intesa San Paolo was fined three million dollars by the US Government for conducting financial operations in which Cuba. For conducting normal bank operations in which Cuba participated, London´s Lloyds Bank was fined 80 million dollars by Washington and this week Credit Suisse was fined 536 million dollars by the US for crossing the line in the economic blockade against Cuba.

It follows that having Cuba as a client is too risky for the world’s banks as a result of this illegal US persecution Cuba.

On the other hand, Pertierra said, the end of normal consular services by Cuban diplomatic offices in the United States poses a tragedy for Cuban families.

Cubans on both sides of the Florida Straight are anxious for things to return to normal the noted lawyers added and, whereas

in Miami and Washington, we thought that things had improved after President Obama authorized family reunions across the Florida Straits it is now evident that this is not the case.



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