United Nations.- That siege is the main obstacle to the development of all Cuban economy's potentialities, the diplomatic representative said through a press release.
The blockade is the main obstacle to the development of the economic, commercial and financial relations between Havana and Washington, and due to its extraterritorial nature, Cuba with the rest of the world, it also stressed.
This policy, which is still in force after 56 years, is a massive, flagrant and systematic violation of the human rights of the Cuban people and is described as an act of genocide, in accordance with the Convention on the Prevention and Punishment of the Crime of Genocide, adopted in 1948, the Cuban mission said.
At the same time, it ignores the 26 resolutions adopted by the international community within the framework of the UN General Assembly and that dictate the end, without any conditioning, of its actions on Cuba.
According to that report, only from April 2017 to March 2018, that hostile policy has caused losses to Cuba valued at $4.32 billion USD.
This is so far the most unjust, severe and prolonged system of unilateral sanctions that has been applied against any country, since it was instituted on February 3, 1962, by John F. Kennedy, who served as the 35th president of the United States.
The increase in the negative effects of the worsening of the blockade on the state economy and the non-state sector of the island are evident as of the serious setback in the bilateral relations, imposed by U.S. President Donald Trump and embodied in the memorandum signed on June 16, 2017.
In November 2017, the U.S. Departments of Commerce, Treasury and State issued new regulations and provisions that strengthened the extraterritorial application of the blockade and intensified the persecution of financial transactions and banking and credit operations with Cuba globally. (PL)