Cuba Blockade Causes Millions in Losses in Food Industry

[dipsydoodle]

Havana, Sep 23 (Prensa Latina) Cuban food industry has annually lost about $45 billion USD for the impossibility of accessing to bank financing, due to the U.S. economic, commercial, and financial blockade imposed by the United States for more than 50 years.

According to data provided by the Cuban food import company, ALIMPORT, the sector has suffered additional losses estimated at more than $20 million USD, for failing to perform transactions in the U.S. currency.

The sector has also lost another $10 million USD, due to the transfers originated on the island involving several banks to reach their destination, while the damages for the cost of freights has exceeded $28 million USD last year.

Letâ�Ös take into account that ships carrying cargo between Cuba and the United States should return to the northern port without any merchandise, increasing the costs.

http://www.plenglish.com/index.php?option=com_content&task=view&id=1886431&Itemid=1

[joelz]

1. Yes but

this is bound to get rid of the Castro boys,just give it another 10-15 years and poof gone.Other than making the U.S. a laughing stock among the worlds nations this well prove to be more effective than the American assassination program.

[Bacchus4.0]

2. 45 billion annually?? Sorry, no way.

[dipsydoodle]

3. I think something has been lost in translation

and that's an aggregate figure.

[Judi Lynn]

4. This economic war on Cuba is the longest in history.Cheap, thuggish bullying. n/t

[ehcross]

5. Cuba Blockade Causes Millions in Losses in Food Industry

The Castro regime is not well appreciated for its success in the production of food, despite years of claiming success after success.
Now it claims anual losses of $45 billion for the impossibility of accessing bank financing.

Cuba is a unique case indeed. A tightly closed society, run by ultra-obsolete top managers (the two Castro brothers). An orphan of the former Soviet Union, Cuba has elected to build infrastructure for tourist projects, with some success.

[Judi Lynn]

6. The maggot, bloody torturer, murderer US-supported Fulgencio Batista lived off tourism,

that, and the filthy business created by the U.S. Mafia.