"Necessity of ending the economic, financial and commercial blockade imposed by the United States of America against Cuba."
INTRODUCTIONThe economic, commercial and financial blockade of the United States against Cuba began to be implemented as from the very moment when the Cuban Revolution triumphed in 1959, and all along these years it has been even more institutionalized and refined through the approval of several Presidential Proclamations and legal measures that have turned it into an increasingly rigorous and all-embracing policy.
Since then, the policy of economic suffocation that the blockade represents has not ceased to be implemented, not even for one single second, which is a clear evidence of the obsession of successive United States’ administrations to destroy the political, economic and social system chosen by the Cuban people in the exercise of their right to self-determination and sovereignty. During all these years, the political, legal and administrative mechanisms of that policy have been tightened and reinforced aiming at a more efficient implementation of it.
The entire structure that supports the blockade qualifies as an act of genocide by virtue of the Geneva Convention of 1948 on the Prevention and Punishment of the Crime of Genocide and as an act of economic warfare as established by the Declaration on the Law of Naval Warfare adopted by the London Naval Conference of 1909. As can be ascertained while browsing the web sites of the US Departments of the Treasury and Commerce, the blockade against Cuba continues to be the most unfair, all-embracing, severe and longest-lasting system of unilateral sanctions ever imposed against any country in the world.
As a result of the rigorous and aggressive implementation of the laws and regulations that define the blockade, Cuba is still unable to freely export and import products and services to or from the United States and can not use US dollars to carry out its international financial transactions or hold accounts in that currency in third countries’ banks. Nor is Cuba allowed to receive credits from US banks, their subsidiary banks in third countries or international institutions such as the World Bank, the International Monetary Fund or the Inter-American Development Bank.
Last year, the persecution of Cuba’s international financial transactions was one of the most outstanding features of the implementation of the blockade. According to the Annual Report published by the Office of Foreign Assets Control (OFAC) of the Treasury Department, the total of Cuban funds frozen by the United States amounts to 245 million dollars , thus hindering Cuba’s economic, social, scientific and technological development.
The US government, in contempt for the will of the international community and the General Assembly expressed in the twenty resolutions adopted by that body which call for an end to this policy, continues to assert that it will maintain the blockade as a “tool for pressure” and that it has no intention whatsoever to change its approach towards Cuba.
The economic damage caused to the Cuban people by the implementation of the US economic, commercial and financial blockade until December 2011, taking into account the devaluation of the dollar vis-à-vis the price of gold and the world market, amounts to 1 trillion 66 billion (1,066,000,000,000) dollars.
At current prices, and based on a very conservative estimate, this figure exceeds 108 billion (108,000,000,000) dollars.
Despite having failed in the pursuance of its goals, the economic, commercial and financial blockade imposed by the United States continues to be the main obstacle that prevents Cuba from fully developing its economic and social potential.
Source: Cuba's MINREX