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Feb 2, 2022 · A secret 1982 CIA case study, “US/OAS Sanctions Against Cuba (1962-Present),” concluded that early on the trade sanctions were “significantly damaging to Cuba’s growth and general development,” but that the embargo had failed to meet its objectives and the political costs outweighed its benefits.
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Feb 16, 2022 · Why does Cuba call it a “blockade” rather than an embargo? The Cuban government calls the embargo a blockade (el bloqueo) because its extraterritorial provisions restrict Cuban commerce with other countries. The United States tried to make the embargo multilateral from the beginning.
Jul 12, 2021 · Some of Cuba’s trading partners include China, Spain, the Netherlands, Canada, Mexico and Brazil, according to the Observatory of Economic Complexity.
Jun 28, 2022 · On May 16, 2022, the Biden administration announced the relaxing of certain limited Cuban sanctions and other regulatory changes to expand communication, travel, and commerce between the United States and Cuba. The related fact sheet can be found here.
In its 2020 report to the United Nations, Cuba stated that the total cost to Cuba from the United States embargo is $144 billion since its inception. [84] United States holds $6 billion worth of financial claims against the Cuban government.
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restrictions on sending cash remittances by eliminating the dollar and frequency limits for family remittances and reauthorizing donative remittances to Cuban nationals.