Cuba Denounces New US Treasury FinesDecember 20, 2012 | | Print |
HAVANA TIMES — The Foreign Ministry today denounced a new sanction laid down by the Office of Foreign Assets Control (OFAC) of the US Treasury Department, which will negatively impact Cuba.
A statement posted on the front page of the Granma newspaper discussed the December 11 imposition of a $375 million fine against London-based HSBC Holdings for violating US sanctions against several countries, including Cuba.
A day after, OFAC announced the implementation of an another fine of $8.5 million against the Japanese bank Tokyo-Mitsubishi UFJ, also for processing financial transactions involving a group of countries that included Cuba.
The Cuban Foreign Ministry considers this to involve “new acts in the extraterritorial application of the provisions of the US blockade against Cuba and also against entities in third countries.
These actions took place less than one month after the UN General Assembly overwhelmingly rejected the blockade.