US trade embargo against Cuba has cost island more than $4 billion in last year, official says

Posted on: October 4th, 2006
Filed Under: [ Hispanic News ]
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“A tighter U.S. trade embargo cost Cuba more than US$4 billion (€3.2 billion) over the last year, a Foreign Ministry official said Monday.

Cuba’s losses increased from July 2005 to July of this year because the administration of U.S. President George W. Bush has steadily tightened the embargo at the same time Cuba’s economy is growing and spending more money abroad, Vice Foreign Minister Bruno Rodriguez told a news conference.”

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