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Cuba attempted to embargo the U.S. by banning U.S. cash deposits at Cuban banks in 2021 but had to reverse the ban due to economic distress in 2023. [70] The U.S. government eased select financial sanctions against companies that serve Cuban interests but have no link to the Cuban government in 2024. [71]
Referred to by Cuba as "el bloqueo" (the blockade), [59] the US embargo on Cuba remains as of 2022 one of the longest-standing embargoes in modern history. [60] Few of the United States' allies embraced the embargo, and many have argued it has been ineffective in changing Cuban government behavior. [61]
They advocate for punitive maintenance of the embargo unless Cuba privatizes its economy. [2] [3] The most notable organization with this viewpoint is the Cuban American National Foundation. Other organizations advocate for an easing or lifting of the embargo before or regardless of whether Cuba changes its government structure and policies.
The Cuban government buys $100 million worth of chicken from the United States annually. It sells that chicken to the Cuban people… at double the cost, and uses the profit to fund the regime…”
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 ...
Tensions with Cuba rose after the Bay of Pigs invasion, where the CIA secretly trained and supported Cuban dissidents attempt to overthrow the Cuban government, but were captured and defeated in less than three days. [11] In 1961, President Kennedy, with support from legislation, issued further economic restrictions to strengthen the embargo. [12]
Cuban Foreign Minister Bruno Rodriguez said in a speech before the assembly that what is often referred to as the U.S. trade embargo is a “blockade” because the web of laws and regulations ...
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.