“It doesn’t stop us,” Cuba responds to the new Western Union limitations



The president of Cuba, Miguel Díaz-Canel, protested this Friday about the suspension of remittance shipments to the island from third countries – except the US – applied by the Western Union company, a decision attributed to the line policies hard of the American president, Donald Trump.

“Another measure against the Cuban people. This is how the empire acts, with total arrogance and contempt, but we don’t stop anybody,” said the Cuban president through the social network Twitter.

Díaz-Canel’s reaction comes a day after Western Union, based in New York, announced that since this week, remittances can no longer be sent to Cuba from third countries, leaving only the possibility of doing so from the United States.

The company justified its decision in the difficulties to carry out this type of operations, in an apparent reference to the embargo that Washington imposes on Havana, hardened by Trump with new sanctions that especially the last year have generated a strong impact on the Cuban economy.

Among them, last September the Office of Foreign Assets Control (OFAC) announced the prohibition of so-called “U-turn” transactions, preventing banking institutions under US jurisdiction from processing certain transfers of funds to Cuba even if they originate and end up outside. from the USA

He also decreed illegal remittances to close relatives of Cuban blacklisted officials and members of the Communist Party of Cuba.

Within the relaxation measures of the embargo promoted by the former US president, Barack Obama, the possibility was opened in 2014 of US companies such as Western Union turning remittances to Cuba from other countries.

In line with the statement of the Cuban president, Foreign Minister Bruno Rodríguez said on Twitter today that the suspension of remittances to his country via Western Union “is not an isolated measure” and reinforces the “extraterritorial component” of politics ” inhuman “from USA to “harm” the Cuban people.

“It is an interference action that violates the sovereignty of third states,” concludes the chancellor’s publication.

The possible impact of this new measure on the Cuban economy is unknown, although experts do not believe it is important since remittance senders live mostly in the US. and they can also resort to other ways of sending money to their relatives in Cuba.

Remittances are a vital source of income for Cuba, a country that is dragging an endemic balance of payments deficit and is currently facing a worrying economic crisis due to lack of foreign exchange, which makes it difficult to acquire basic products and prevents State fulfill part of its financial commitments.

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