Cuba in UN

Extraterritorial nature of the blockade has an impact on Cuba's banking and financial relations with third countries.

New York, October 18, 2018. From the second semester of 2017, the blockade has had a negative and unprecedented impact on the Caribbean nation, especially on the banking and financial area. Although the enactment of the Helms-Burton Act and the extraterritorial nature of the blockade determined the creation of "antidote legislation" designed by third countries to protect themselves against possible damages caused by the implementation of this policy, the intimidating effect of the blockade against Cuba has prevented these regulations from being properly implemented.

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