The US limits remittances and bank transactions to Cuba for helping Nicolás Maduro
The Secretary of the Treasury of the United States, Steven Mnuchin, has reported that from now on remittances and bank transactions to Cuba are limited due to his constant support of the Nicolás Maduro regime.
From now on, Cuba will not have access to foreign exchange. Through these regulations, the United States Treasury will be denying Cuba's access to foreign currency and thus seeks to curb the bad behavior of the Cuban government and its constant support for the Maduro regime.
The United States seeks to economically block Venezuela
The sanctions will begin on October 9, 2019. The Cuban government had recently stated that the maritime sanctions imposed on Iran were a violation of international law.
From now on, sending a remittance or making a transaction will have more restrictions, including a limit to only $1,000 every three months from the United States to Cuba. The measure flatly prohibits sending any type of remittance to people, regardless of whether they are family members, Cuban officials or registered as members of the Communist Party.
It should be noted that the United States completely eliminated donation remittances and these will only be allowed if they are sent to a private company that is against the island's government. This in order to motivate the private sector. U-turn's transactions will also be limited, placing more restrictions on these types of movements.
The United States carries out these economic pressures on the island so that Cuba moves away from Venezuela. Tourism is the main affected, since the US does not allow any type of travel to the island.
Tourism is one of the main income of the island. Since this year they have been pressured by the United States, which only asks for the cessation of aid to Venezuela. Generally, any country that tries to help the Nicolás Maduro regime will be in trouble with the Trump government.