Cuba criticizes U.S. sanctions against Italian bank
08:21, July 30, 2013
HAVANA, July 29 (Xinhua) — Cuba on Monday denounced the United States
for imposing a fine on an Italian bank for operating with the island,
saying it demonstrated Washington’s “insolence” in the treatment of its
“The extraterritorial application of this measure demonstrates the
insolence with which the United States treats its European partners and
sets a negative precedent for other institutions to trade with Cuba,”
said the Cuban Foreign Ministry in a statement.
The U.S. Office for Foreign Assets Control imposed the Italian bank
Intensa Sanpaolo a fine of nearly 3 million dollars for making 53
transfers to the island during the period of 2004-2008. It is the second
fine in less than a month and the fifth so far this year as part of the
commercial and financial blockade imposed by the United States on Cuba
since 1962, according to the ministry.
The United States “reinforces the extraterritorial application of the
blockade, by imposing fines on foreign and domestic companies operating
in third countries,” the ministry said.
Source: “Cuba criticizes U.S. sanctions against Italian bank – People’s
Daily Online” – http://english.peopledaily.com.cn/90777/8345368.html