US blockade hinders Cuba s foreign trade
US blockade hinders Cuba s foreign trade
Havana, Apr 23 (Prensa Latina) The US economic, commercial and financial blockade against Cuba currently hinders the Cuban foreign trade and causes severe effects on its development.
According to Cuba s report on the damages caused by Washington s policy, the losses for this concept amounted to over three billion dollars from April 2019 to March 2020.
Only the impossibility of accessing to the US market had a cost of more than 131 million dollars, to which the damages due to the prohibition of using US currency in international transactions are added.
Cuba also faces the negative consequences of the use of commercial intermediaries, with the consequent rise in trade prices and extra cost in freight and insurance, which must be paid for the geographical relocation of trade to more distant regions.
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