Havana, Thursday 18 de July de 2019 07:25 pm

U.S. Company Fined for Violating Blockade of Cuba

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U.S. Company Fined for Violating Blockade of CubaHAVANA, Cuba, Feb 27 (acn) The U.S. Department of the Treasury imposed a fine on the U.S. company Halliburton for violating regulations of the blockade against Cuba, informed on Saturday the Cuban Foreign Ministry on its cubaminrex.cu Web site.

This new sanction, reads the official note, is of marked extraterritorial nature and reaffirms the strengthening of the economic, commercial and financial persecution against Cuban transactions, Cubasi reported.
The report highlights that the measure, amounting to 304,706.00 dollars and adopted only three days after the fine imposed on the French company CGG Services S.A., is contrary to the new approach of the U.S, policy towards Cuba.
Likewise, it points out that it intensifies the deterrent effect on U.S. and foreign entities interested in doing business with Cuba, while reaffirming the need to remove the blockade in full as an essential element for progress towards normalization of bilateral relations.
The report by the Office for Foreign Assets Control (OFAC) of the United States Department of the Treasury, points out that between February and April, 2011, Halliburton and its subsidiaries in Cayman Islands exported goods and services to support oil and gas prospecting as well as drilling in the province of Cabinda, Angola.
According to the U.S. entity, the Cuban Company Cuba Petroleo had five percent interest in the oil and gas consortium executing those works.
The denunciation of the Cuban Foreign Ministry points out that the sanction on Halliburton is the third so far this year.
In this way, the corporation dedicated to provide services in oilfields joins other entities –five U.S. and three of other nationalities- that have been fined by Washington since the announcement of its change of policy towards the island on December 17, 2014. The cumulative amount for these sanctions is around three billion dollars.
So far, specifies the report by the Cuban Foreign Ministry, the amount of fines imposed during the Obama administration (2009-2016) for violations of sanction regimes against Cuba and other countries is 49, with a cumulative value of over 14 billion dollars.

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