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The US embargo against Cuba. Interview with Cuban Ambassador to the Czech Republic 07.05.2021 - Prague, Czech Republic - Gerardo Femina
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For more than 60 years, a US economic embargo has hit Cuba and several UN resolutions have not been enough to put an end to these sanctions. The issue is also very topical because thanks to the numerous solidarity missions Cuba has undertaken around the world, more and more countries are calling on Washington to change its policy.
Mr. Danilo Alonso Mederos, Cuban Ambassador in Prague, former Vice-Minister of Science, Technology and Environment, gave us this interview.
-The Hagstrom Report
Senate Finance Committee Chair Ron Wyden, D-Ore., last week introduced the U.S.-Cuba Trade Act of 2021 to repeal the major statutes that codify sanctions against Cuba, including the Helms-Burton Act and the Cuban Democracy Act, as well as other provisions that affect trade, investment and travel with Cuba.
The bill would establish normal trade relations with the country.
“Our nation’s embargo on Cuba is an artifact from the 1960s,” Wyden said. “To continue this outdated, harmful policy of isolation would be a failure of American leadership. While [President Donald] Trump increased tensions with Cuba during his disastrous time in office, I am optimistic about President Biden’s new diplomatic course. Regardless, Congress has a moral and economic obligation to the American people to improve U.S.-Cuban relations as swiftly and safely as possible.”
US Government removes Sudan from State Sponsor of Terrorism list
On December 14, 2020, the US Government announced Sudan’s removal from the list of State Sponsors of Terrorism (the “SST List”). This rescission of Sudan as an SST follows an agreement in October for Sudan to be removed from the list and the lapse of a 45 day congressional notification period. The federal register notice regarding the rescission is available here. As detailed in our previous blog post here, the US Government revoked Sudan sanctions in October 2017, but Sudan’s continuing inclusion on the SST List resulted in lingering stringent export and investment restrictions. The removal of Sudan from the SST List marks another fundamental change in removing trade restrictions and encouraging greater collaboration and support for transactions with Sudan.
United States Rescinds Designation of Sudan as State Sponsor of Terrorism
Key Points
On December 14, 2020, the U.S. Department of State officially rescinded Sudan’s designation as an SST in light of Sudan’s actions to normalize relations with Israel and resolution of terrorism claims.
This action paves the way for the lifting of mandatory U.S. trade restrictions on business involving Sudan, the government of Sudan and Sudanese nationals that was based on Sudan’s previous SST listing.
Before embarking on any activity or transaction involving Sudan, companies should be diligent to assess the extent to which remaining federal and state restrictions, including state level divestment sanctions regarding Sudan, as well as contractual or other relevant restrictions regarding Sudan still in place, may affect new business opportunities.