US Government adopts new unilateral measures against Cuba
US Government adopts new unilateral measures against Cuba
Washington, Dec 21 (Prensa Latina) The US government on Monday adopted new unilateral measures against Cuba by adding three companies from the Caribbean island to the OFAC list of specially designated citizens and blocked persons.
During the last few months and in the midst of the Covid-19 pandemic, the Office of Foreign Assets Control (OFAC) has increased restrictions on Cuban firms, even leading to the closure of Western Union in Cuba, which was a legal way to send remittances.
On Monday, the OFAC blacklisted Grupo de Administracion Empresarial SA, Financiera Cimex SA and Kave Coffee SA, according to the US Treasury Department s website.
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Transnational Criminal Organizations
Country-Level and Policy-Level Programs. Certain of the sanctions programs are focused on individual countries (the “country-level programs”), while others target specific activities on a global basis such as terrorist and non-proliferation sanctions (the “policy-level programs”). Under a number of the country-level programs (such as Iran, Syria, N. Korea, Cuba and the Crimea region of Ukraine – the “comprehensive sanctions programs”) U.S. persons are prohibited from entering into effectively all business transactions with the targeted country, its government and its nationals, including the export and import of products, technologies and services, payments and investments, subject to exceptions described below.[5] For other country-level programs, such as Russia, Ukraine and Venezuela, certain business activities within the country are prohibited but others are permitted (the “partial sanctions programs”). For
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On December 2, 2020, U.S. Customs and Border Protection (CBP) issued an order blocking all imports of cotton and cotton products from Xinjiang Production and Construction Corps (XPCC), a Chinese state-owned company operating in the Xinjiang Uighur Autonomous Region. The impact of the order, intended to combat the alleged use of forced labor of ethnic Uighur Muslims, is potentially sweeping as, by some estimates, XPCC produces 7% of the world’s cotton.
This is CBP’s sixth enforcement action in three months targeting goods from China’s Xinjiang region, underscoring not only Washington’s heightened focus on this issue, but also the need for U.S. importers to carefully review (and potentially reassess) their supply chains moving forward.
United States: President signs Executive Order prohibiting US Persons from purchasing securities of certain Chinese companies lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.