Dozens of Banks Cancel Links with Cuban Companies due to Blockade

Havana, Aug 28 (Prensa Latina) Dozens of banks in all regions of the world closed their relations with Cuban and foreign companies in 2018 to eliminate any ties with Cuba due to the U.S. blockade, the government informed.

On a global scale, the persecution of the country’s financial transactions has intensified, which particularly harms the commercial activities of the companies and the links between Cuban and international banks, the Foreign Ministry indicated.

Banking institutions from different parts of the world have even suppressed operations related to Cuban citizens just because they have that nationality, the source said.

At the same time, another group of entities in Europe, Latin America, Africa and Asia imposed conditions and obstacles to continue operating with Cuban companies and embassies, which have been clients for years.

‘The financial siege against Cuba has intensified. This is the result of the surveillance and control mechanisms imposed by the U.S. on the international banking activity and direct consequence of the millionaire fines that have been imposed against foreign banks,’ said the complaint.

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