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Cuba crticizes US government Amex, bank sanctions

Flag of Cuba

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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