UNITED STATES, WASHINGTON (OBSERVATORY) — U.S. President Donald Trump has decided to extend until September 14, 2020 trade restrictions that apply to Cuba. The corresponding statement of the American leader was distributed on Friday by the press service of the White House.
“I decided that extending these measures against Cuba for one year is in the national interest of the United States,” the statement said.
By the same decision, Trump extended his powers, which give him freedom of action in terms of compliance with this embargo and the issuance of permits for individual transactions.
This is a law that entered into force in 1917. It allows you to limit trade with countries hostile to the United States. Cuba is currently the only country to which this law applies.
In 2008, the DPRK was excluded from this list, with respect to which at the same time other stringent sanctions apply.
The United States broke diplomatic ties with Cuba in 1961 in response to the nationalization of American property on the island. After that, Washington announced the introduction of a trade and economic embargo on the country.
As Cuban leaders have repeatedly stated, the American blockade is the main obstacle to the development of the country’s economy. The fight against it is a priority of the foreign policy of the island state.
Since 1992, Cuba annually submits to the UN General Assembly a draft resolution on the need to lift the American embargo. The overwhelming majority of the member states of the world organization invariably vote in support of the document.
In December 2014, ex-President Barack Obama acknowledged that Washington’s previous policy towards Havana was not working, and announced the start of a move towards normalizing bilateral ties and easing sanctions against Cuba.
However, the rapprochement between the two countries stopped after the United States led Donald Trump in January 2017, a supporter of a tougher line on Freedom Island. He tightened travel rules for a Caribbean country for US citizens and imposed a ban on doing business with organizations controlled by the Cuban military.
In the spring of this year, US authorities allowed Americans to file lawsuits against individuals and legal entities that control property in Cuba, which was nationalized in the last century.
Earlier, US authorities regularly suspended the Helms-Burton Act of 1996, which allows US citizens to sue foreign companies doing business in the US and investing in this property on the island. Last week, Washington announced that it would tighten restrictions on remittances to Cuba from October 9.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
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