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De Omnibus Dubitandum - Lux Veritas

Sunday, May 5, 2019

A personal story of Cuba expropriating US investments

May 5, 2019 By Silvio Canto, Jr.

As most people know, the story of the U.S. embargo goes back several administrations. It was created to punish the Cuban government for stealing U.S. properties without compensating U.S. citizens who owned them. The embargo was later strengthened in 1996, when Cuban Migs shot down a plane carrying representatives of "Brothers to the Rescue," a Miami-based organization identifying Cubans in rafts in the Florida Straits. Under President Obama, there were talks to resolve the issue.

 Unfortunately, the talks did not get anywhere because Raúl Castro knew that President Obama would never walk away from the negotiation or crack the whip on the regime. President Trump has taken the matter to a different level. He is using these claims as leverage to get Cuba out of Venezuela.

In fact, ExxonMobil is moving forward with a suit alleging that Cuba has been using and profiting off its property seized in 1960. "Let's roll" is all I can say. .............Read more

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