Cuba
Official Daily Condemns U.S.
Embargo Continuation
Havana - The new U.S.
administration has come under fire for its
continued embargo against Cuba, in place
since 1962, in an article in the official
Cuban daily, Granma, on Thursday.
Granma condemned a fine of 5.75 million U.S.
dollars the U.S. levied on the financial
group Australia & New Zealand Bank Group (ANZ)
for making financial transfers that
benefited Cuba and Sudan.
Granma, a newspaper from the ruling
Communist Party of Cuba, published an
article entitled "The embargo is the same:
millionaire fine to ANZ bank."
The Miami-based U.S. daily "The New Herald"
said the fine against ANZ was the biggest
the U.S. has applied under the embargo since
June 2004, according to Granma.
The U.S. Treasury Department said in a
report that the ANZ Bank from 2004 to 2006
used U.S. filial banks to made transactions
in favor of Cuba and Sudan.
Cuba and some other countries have demanded
U.S. President Barack Obama to end the
embargo.
"The New Herald" said that, in 2004, the
U.S. government fined the Union of Swiss
Banks 100 million U.S. dollars, accusing it
of allowing operations in Cuba.
The U.S. government said that, through the
Union of Swiss Banks, Cuba used a U.S.
Federal Reserve international program to
replace U.S. dollar bills in bad condition.
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