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Cuba crticizes US government Amex, bank sanctions

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Flag of Cuba

Cuba on Tuesday criticized recent U.S. government sanctions against American Express Co. and an Italian bank for apparent violations of the 51-year-old economic and financial embargo against the island.

A Foreign Ministry statement published in Communist Party newspaper Granma slammed American Express' $5.2 million settlement with the U.S. Treasury Department last week to head off potential liability.

The embargo is a long-standing sore point for Havana.

Official media issues near-constant complaints that what is known here as the "blockade" harms Cuban people first and foremost.

Embargo proponents, however, argue that violators prop up President Raúl Castro's Communist-run government by providing Cuba's wobbly economy with badly needed cash.


Read the full story: Associated Press

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