August 10, 2020

US Slams Cuba’s Economy By Penalizing Banking Entities

(TELESUR) – The Trump administration seeks to harden a trade blockade against Cuba in effect since 1962.

The U.S. Department of Treasury Thursday announced sanctions against London-based Cuban-owned Havin Bank LTD, in an attempt to damage the island’s economy.

The entity, also known as Havana International Bank, was blacklisted by the Treasury Department’s Office of Foreign Assets Control.

Havin Bank has been operating since August 1973 and its main shareholder is the Banco Central de Cuba.

As of today, it is the only bank with entirely Cuban capital operating outside Cuba.

Havin Bank maintains a network of 400 correspondents around the world that provide services for the Cuban market.