Monday, August 8, 2022

Cuba. Campaign launched against European banks that joined the US blockade – Latin American Summary

Solidarity groups in the United Kingdom, Ireland and Belgium along with Cuba launched a campaign this Tuesday against European banks that turned into a blockade of the United States’ Caribbean island.

The 1st British organization Rock Around the Blockade for Cuba initiative was started by Irish groups in support of Cuba, and Belgian Cubismo.

Its purpose is to flood banking institutions with small transactions destined for the Antillean country, to activate anti-Cuba sanctions mechanisms, and to make their application of a unilateral US measure unaffordable.

Each shipment that is blocked, and the subsequent complaint process, can create an additional and costly administrative workload for the bank at minimal cost to the customer, protest organizers said on a website created for the occasion.

Read Also:  Police admit they are 'ashed' of racism - and pledge new zero tolerance

As he explained, the application by British and European banks of external laws to the United States blockade against Cuba is illegal, as both the United Kingdom and the rest of Europe have laws that prohibit it.

In this regard, he cited cases such as HSBC, which “disrupted” the Cuban organization’s account in the UK to devote itself to raising funds to buy medical supplies for the island.

After public condemnation and protests, the British agreed to unblock the multinational bank account, but left Cuba on the list of sanctioned countries.

To participate in the 1C4Cuba campaign, you only need to have an account with a British or European bank, and make a financial transfer for a penny or cent, specifying that Cuba is the beneficiary of the operation.

Read Also:  Tories told to stop using Protocol row as 'distraction from partygate scandal' or risk trade war with EU

If it is accepted, the customer will have to repeat the process for a small amount of time until the sanctions mechanism is activated, and if it is rejected, initiate the complaint process.

During the campaign’s online presentation last Sunday, activists said Cuban solidarity groups are coming together to directly challenge banks through coordinated civic action, legal challenges and street protests.

Source: Latin Press

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news
- Advertisement -


Please enter your comment!
Please enter your name here