Severe impact of US blockade on Cuban mining and energy sector

HAVANA, Cuba, Oct 17 (ACN) The tightening of the U.S. blockade against Cuba is also reflected in the energy and mining sector, when only last year affectations amounted to more than 78.336.000 dollars

The event caused an increase of more than 18 million dollars in comparison with a similar previous period, according to Cuba's Report on Resolution 73-8 of the UN General Assembly "Need to put an end to the US economic, commercial and financial blockade against Cuba".
One of the most significant examples of the longest genocide in history against any country is the case of the Joint Venture Moa Nickel S.A., Commander Pedro Sotto Alba, in the metallurgical mining municipality of Moa, Holguin province.
In fact, it suffered damages in its production of 40 tons of nickel sulfide concentrate plus cobalt, due that the main producers of parts and key pieces for its productive process stopped being suppliers, due to the dissuasive effect of the U.S. pressure.
At the same time, the Electrical Association maintained restricted access to spare parts for the BAZAN motors manufactured by the Spanish company NAVANTIA, which refused for fear of carrying out trade operations with Cuba and for that reason they can only be purchased at prices twice those of the market.
Two contracts were signed in September and November 2018 with the company General Electric International INC for the additional supplies of the Antonio Guiteras Thermoelectric Power Plant turbine, located in Matanzas province, and for the modernization of the Pico Santa Martha power plant, also in that same territory.
However, on February 5, the US Centennial Bank notified that the activation of Title III of the Helms Burton Act would not grant financing for both contracts.
Just two months later, last April, directors of the Japanese National Oil, Gas and Metal Corporation informed the Cuban embassy to that country that three of their companies cancelled their participation in a joint project with Cuba Petroleum. It was a geochemical study for a possible project at the risk of one or more blocks in shallow water or on land, but the entities i mentioned gave up due to their business in the United States.