Financial Times: U.S Blockade of Cuba Embarrassing, Anachronistic

Financial Times: U.S Blockade of Cuba Embarrassing, Anachronistic

Financial Times: U.S Blockade of Cuba Embarrassing, Anachronistic

London, Feb 24 – The U.S. economic blockade against Cuba is shameful, anachronistic and failed, and it is time to change that more than 50 year old policy, said the Financial Times.

In an editorial on the subject, the newspaper specializing in financial issues criticized the aggressive position maintained by Washington against Cuba, adding that “there has never been a better time for a new approach.”

The article argues that in the United States, the anti-Cuban bloc that defends the economic, commercial and financial embargo, organized to suffocate the Cuban revolutionary project, has failed in its goals, and is disintegrating.

A survey conducted by the Atlantic Council revealed that the majority of the U. S citizens, including those of Cuban origin, support the normalization of relations, indicates the editorial, adding that from the international point of view, the European Union has already expressed its interest in a new approach in its ties with the Caribbean Island, while Latin American countries have a completely normal relation with Cuba.

The article added that “an opening now to Cuba, will enhance the prestige of the United States in the region.”

The Financial Times notes that the Obama administration has eased certain restrictions, particularly those regarding to travel and remittances, however, it is necessary to eliminate barriers in areas such as travel to the island of U.S. citizens, expanding the list of approved exports and encouraging bilateral trade.

According to estimates from Cuban authorities, the U.S. economic blockade has caused monetary losses exceeding one trillion dollars, taking into account the depreciation of the U.S. dollar.

In addition, the Financial Times is in favor of removing Cuba from the list of terrorist sponsoring countries, drafted each year by Washington.

“Havana has a key role in Colombia’s peace talks; the constant inclusion of Cuba on the list, which involves difficult financial structures, makes a mockery of that list,” it says.

Source: Prensa Latina

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