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US embargo caused over US$104 billion direct economic damages to Cuba
The Cuban ambassador to The Gambia has said that the direct economic damages to Cuba caused by the implementation of the United States economic, commercial and financial blockade, based on current prices and very conservative estimates, amounts to more than US$104 billion as of December 2010.
According to Ines Fors Fernandez, taking into account the extreme devaluation of the dollar against the price of gold on the international financial market during 2010-2011 continual trends, the damages caused to the Cuban economy will exceed US$975 billion dollars.
Ambassador Fernandez made these remarks Wednesday at the Cuban Embassy along Kairaba Avenue during a press conference on the occasion of the presentation of resolution Necessity of ending the economic, commercial and financial embargo imposed by United States against Cuba at the 66th Session of the United Nations General Assembly which opened in New York on Wednesday.
She said the economic, commercial and financial blockade imposed by the US government against Cuba has been maintained and further tightened despite the growing and categorical demand by the international community in particular, and the United Nations General Assembly for its elimination.
While the current US government has taken some positive steps, they are insufficient and extremely limited in scope. Furthermore, they are not intended to alter the complex structures of laws, regulations and provisions that make up the blockade policy against Cuba, she noted.
The Cuban diplomat stated that the blockade violates international laws, runs contrary to the purpose and principals of the United Nations Charter, and constitutes a contravention of a sovereign states right to peace, development and security.
She continued: Its essence and objectives, the blockade represent an act of unilateral aggression and a permanent threat against the stability of a nation. The blockade constitutes a massive, flagrant and systematic violation of human rights of an entire people. It also violates the constitutional rights of US citizens by denying them the freedom to travel to Cuba, and encroaches on the sovereign rights of many other states of its extraterritorial nature.
The blockade continues to be an absurd, illegal and morally unjustifiable policy which has not succeeded and never will succeed in undermining the Cuban peoples patriotic decision to defend its sovereignty, independence and right to self-determination.
Ambassador Fernandez said the blockade only succeeded in subjecting the Cuban population to shortages and needless suffering, restricting and hindering the development of the country and seriously damaging the Cuban economy. She added that it is the greatest obstacle Cuba faces in its economic development.
She described the blockade as an unilateral and immoral policy, which is condemned both within the United States and by the international community. Once again, Cuba is confident that it can count on the support of the international community in its legitimate demand for an end of the blockade, she added.
http://observer.gm/africa/gambia/ar...mic-damages-on-cuba-says-ambassador-fernandez
The Cuban ambassador to The Gambia has said that the direct economic damages to Cuba caused by the implementation of the United States economic, commercial and financial blockade, based on current prices and very conservative estimates, amounts to more than US$104 billion as of December 2010.
According to Ines Fors Fernandez, taking into account the extreme devaluation of the dollar against the price of gold on the international financial market during 2010-2011 continual trends, the damages caused to the Cuban economy will exceed US$975 billion dollars.
Ambassador Fernandez made these remarks Wednesday at the Cuban Embassy along Kairaba Avenue during a press conference on the occasion of the presentation of resolution Necessity of ending the economic, commercial and financial embargo imposed by United States against Cuba at the 66th Session of the United Nations General Assembly which opened in New York on Wednesday.
She said the economic, commercial and financial blockade imposed by the US government against Cuba has been maintained and further tightened despite the growing and categorical demand by the international community in particular, and the United Nations General Assembly for its elimination.
While the current US government has taken some positive steps, they are insufficient and extremely limited in scope. Furthermore, they are not intended to alter the complex structures of laws, regulations and provisions that make up the blockade policy against Cuba, she noted.
The Cuban diplomat stated that the blockade violates international laws, runs contrary to the purpose and principals of the United Nations Charter, and constitutes a contravention of a sovereign states right to peace, development and security.
She continued: Its essence and objectives, the blockade represent an act of unilateral aggression and a permanent threat against the stability of a nation. The blockade constitutes a massive, flagrant and systematic violation of human rights of an entire people. It also violates the constitutional rights of US citizens by denying them the freedom to travel to Cuba, and encroaches on the sovereign rights of many other states of its extraterritorial nature.
The blockade continues to be an absurd, illegal and morally unjustifiable policy which has not succeeded and never will succeed in undermining the Cuban peoples patriotic decision to defend its sovereignty, independence and right to self-determination.
Ambassador Fernandez said the blockade only succeeded in subjecting the Cuban population to shortages and needless suffering, restricting and hindering the development of the country and seriously damaging the Cuban economy. She added that it is the greatest obstacle Cuba faces in its economic development.
She described the blockade as an unilateral and immoral policy, which is condemned both within the United States and by the international community. Once again, Cuba is confident that it can count on the support of the international community in its legitimate demand for an end of the blockade, she added.
http://observer.gm/africa/gambia/ar...mic-damages-on-cuba-says-ambassador-fernandez