The Newest: US sanctions on Venezuelan bank
The Latest on the Trump Government’s position on Cuba (all times local):
The U.S. says it is imposing sanctions in the Central Bank of Venezuela. The Trump administration claims that the bank was instrumental in propping up Venezuela’s president, Nicolas Maduro’s government.
Bolton says that the action is intended to be a warning for others against deploying army resources to help Maduro remain in power.
The Kremlin has rejected U.S. calls for Moscow to withdraw its army experts from Venezuela. Russia says they’re there to honor obligations. Bolton says Russia has conducted military flights carrying 35 tons of cargo and 100 military employees.
The United States says it’s levying more penalties from Bancorp. from Nicaragua — asserting the bank is a”slush fund” for the nation’s president, Daniel Ortega. The bank already has been sanctioned by the United States to the state-owned oil company of Venezuela.
President Donald Trump’s national security adviser, John Bolton, says Trump issued an executive order targeting its supporters and the Ortega administration for exploiting taxpayers and resources and allegedly participating in corruption, human rights abuses.
One of those was Vice President Rosario Murillo.
Bolton claims that the U.S. is now imposing additional sanctions now on Bancorp in addition to Laureano Ortega, one of Daniel Ortega’s young child.
Bolton claims the younger Ortega has been”groomed as a successor” to the current president and Bolton’s is accusing the son of being engaged in”vast corruption under the guise of leading Nicaragua’s investment agency”
The Trump government is stepping up its crackdown Nicaragua Cuba and Venezuela.
White House national security adviser John Bolton says there is a brand new cap on the total quantity of money that families in the USA can deliver to relatives in Cuba.
He’s also outlining moves against Nicaraguan President Daniel Ortega and President Nicolas Maduro, in addition to announcing added penalties that aim Cuba.
And he is calling those countries the”three stooges of socialism.”
Bolton is currently giving a speech at Florida on the 58th anniversary of the United States’ failed 1961 Bay of Pigs invasion of Cuba, an attempt to overthrow the Havana authorities.
The Trump government is currently announcing new limitations that families in the United States can deliver to relatives in Cuba.
National security advisor John Bolton claims that the limit is $1,000 a person, per cent. The Obama government had raised all limits.
Cuba has an extensive social security system which provides education and free health care, but its market is currently struggling. The economy is determined by payments for Cuban physicians, tourism and other experts working in other nations and remittances.
The State Department reports that remittances to Cuba by the USA accounted for $3 billion.
The United States says it’s restricting some travel to Cuba that is not associated with family visits.
John Bolton, Even the White House national security advisor, states that some excursions to Cuba are portrayed as tourism, however they are not actually for sightseeing. He says that the new steps will help steer U.S. bucks away from the Cuban authorities, its military and its own security services.
Bolton states the U.S. Treasury Department also is finishing transactions that allow the Cuban government to circumvent sanctions and receive access hard money as well as the U.S. banking system.
Spain is currently criticizing the Trump administration’s choice to open up the door for lawsuits against firms operating on possessions Cuba seized from Americans following the 1959 revolution.
The Spanish government says Washington’s move damages relations between the United States and Europe and will cause lawsuits and counterclaims.
Spain asserts that the U.S. action runs counter to international law,” and states European Union countries are preparing to fight it.
Spanish firms are among Cuba’s main foreign investors
EU foreign policy chief Federica Mogherini (feh-deh-REE’-kah moh-gehr-EE’-nee) and Canadian Foreign Minister Chrystia Freeland state the U.S. transfer”to renege on its longstanding commitment” to prevent such legal action”is laborious.”
Mogherini and Freeland say at a joint statement issued Wednesday they’re”decided to work together to guard the interests” in their companies.
They warn that EU and Canadian legislation allow counter-claims contrary to any U.S. lawsuits”so the U.S. choice to allow suits against foreign businesses can only lead to an unnecessary spiral of legal actions.”
Secretary of State Mike Pompeo (pahm-PAY’-oh) claims that the U.S. will not renew a bar on litigation in place for two decades. The decision is a blow to the efforts to draw investment to the island of Havana.
The door for lawsuits is opening against foreign companies operating Cuba seized from Americans following the 1959 revolution.
Secretary of State Mike Pompeo (pahm-PAY’-oh) said Wednesday he won’t renew a bar on litigation in place for two years. The decision is a setback to Havana’s efforts to draw foreign exchange to the island.
President Donald Trump is currently stepping up pressure to isolate embattled Venezuelan President Nicolas Maduro, who’s holding power with help from other countries, such as Cuba, China and Russia.
The choice of pompeo gives Americans the right to sue companies that operate from other properties, tobacco factories, distilleries and hotels Cuba nationalized after Fidel Castro took power. It allows lawsuits by Cubans who became U.S. taxpayers years after their properties were obtained.
Pompeo states,”Those citizens’ chances for prosecution have been set out of reach for two years.”
Word of this move prompted answers from Canada and Europe, which have pledged to protect their businesses.