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Saturday, January 28, 2023

Activist describes resumption of US remittances to Cuba as a victory

In a broadcast on social networks, the coordinator of the Puentes de Amor solidarity initiative congratulated those who “fought this battle” and assured that they would not stop until they “punished all those who punished the Cuban people”. Do not eliminate the provisions. The economic, commercial blockade and financial situation suffered by the Caribbean country for more than six decades.

This week, Joe Biden’s government eased restrictions on sending money to the island after allowing Vacuba, an agency based in the US state of Florida, to work with the institution Orbit SA to manage foreign exchange.

According to local media outlets, the US firm informed that it received authorization from the Office of Foreign Assets Control to conduct operations with Orbit SA and remittances to MLC (freely convertible currency) cards of Cuban banks with a seven percent fee. was sent. hundred.

During the Trump presidency (2017-2021), the Western Union company ceased its operations with Cuba after nearly 20 years of relationship after the State Department added Fincimex to its list of banned entities.

Fincimex, a Cuban financial company and its counterpart to the American company, blamed the Republican government for the interruption of service between the two countries.

Cuban Foreign Minister Bruno Rodriguez said the United States uses this sensitive issue as a political weapon against a population affected by Washington’s unilateral siege.

In February this year, the Central Bank of Cuba granted Orbit SA permission to engage in transfer processes from abroad and powers to provide payments through its infrastructure for duly authorized goods and services.

According to Cuban officials, activists from organizations including Puentes de Amor have called on Biden on several occasions to take coercive measures against the island that, although they do not touch upon the essence of the blockade, are a step in the right direction.

Jha/DFM/CGC

World Nation News Desk
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