US to remove sanctions on EU firms who do business with Cuba
Source: E.F.E. (Spain)
US to remove sanctions on EU firms who do business with Cuba
EurActiv with EFE
11:45
The EU is speaking with the US about the extraterritorial application of Washington's embargo on Cuba, Herman Portocarero, the head of the EU delegation in the Communist country, said on Wednesday (4 November).
In plain English, this means that the US is about to remove the sanctions it imposed on EU firms wthat have done business in Cuba.
. . .
Portocarero noted that all European countries expressed their opposition to the policy, which has been in place since 1962, on 27 October in the UN General Assembly, when they voted in favor of the resolution promoted each year by Cuba against the "blockade".
"Given the new US policy toward Cuba, for us it's an important issue, because important sanctions have resulted for European banks for financing operations with Cuba," he said, alluding to the reestablishment of diplomatic ties between Washington and Havana, which took place on 20 July.
Read more: http://www.euractiv.com/sections/trade-society/us-remove-sanctions-eu-firms-who-made-business-cuba-319206
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