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Cake day: June 14th, 2023

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  • How so? The existence of trade does not disprove the US blockade. Your own selected quote even states that you risk US sanctions if you trade with Cuba. This is NOT referring to US companies.

    The risk of US sanctions can create uncertainty and businesses, especially banks, sometimes find themselves caught between conflicting legal requirements. UK companies, small- and medium-sized enterprises (SMEs) in particular, have for example encountered problems in payments to/from Cuba being blocked by UK banks.

    We recommend that companies with extensive US interests which are interested in doing business with Cuba seek independent legal advice. We advise potential investors to read the advisory notes regarding US regulations on the OFAC website.