Search results
Results from the WOW.Com Content Network
In 2000 the Clinton Administration opened cash and carry trade with Cuba but without credits being available, with the passage of Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA ...
The U.N. General Assembly called for the 31st time on the United States to end its decades-long trade embargo against Cuba as the communist-run island suffers its worst economic crisis in decades ...
The U.N. General Assembly on Wednesday overwhelmingly called on the United States to end its decades-long sanctions regime on Cuba, as the communist-run Caribbean island nation suffers its worst ...
The government blames the U.S. embargo, which it refers to as a "blockade", imposed since the arrival of the Communist Party to power but intensified in 2021 with Cuba's addition to the State Sponsors of Terrorism list. Cuba accused the U.S. of stirring up unrest, an accusation the United States has denied. [6] [7]
The European Union is Cuba's largest trading partner, and the U.S. is the fifth-largest exporter to Cuba. [145] In 2012, the embargo limited U.S. imports to Cuba at 6.6%. [145] The Cuban government is required pay cash for all food imports from the U.S., as credit is not allowed. [146]
The Cuban Liberty and Democratic Solidarity (Libertad) Act of 1996 (Helms–Burton Act), Pub. L. 104–114 (text), 110 Stat. 785, 22 U.S.C. §§ 6021–6091) is a United States federal law which strengthens and continues the United States embargo against Cuba.
The decadeslong U.S. embargo against Cuba makes it harder to export goods to the communist country, even though laws have been adjusted over time.
In 2020, the economic situation in Cuba worsened. The Cuban economy contracted by 10.9% in 2020, and by 2% in the first six months of 2021. [11] The economic crises emerged from a combination of factors, [46] [47] including reduced financial support (subsidized fuel) from Cuba's ally Venezuela, the United States embargo against Cuba and United States sanctions (tightened by the Trump ...