The economic, commercial and financial blockade is the central element that has been at the heart of the U.S. policy toward Cuba for more than six decades. The effects of this undeclared war against the economy, society, daily life and dreams of progress of more than 11 million Cubans have not ceased for a single day.
Classified as genocide and the most flagrant violation of the human rights of the Cuban people, and also of those who are affected by its extraterritorial nature, the blockade causes extreme direct damage.
The comprehensive nature of its measures has the cruel and practical purpose of affecting the country’s financial income that is indispensable to acquire food for the population; supplies, parts and pieces, technologies and software.
Its impact causes scarcity, shortages, long lines and anxiety, which today mark Cubans; the blockade fuels up emigration, which today is a direct consequence of its impact.
The blockade is destined to kill, because its purpose is to create desperation and ungovernability. In short, to put an end to the Cuban Revolution.
On November 1 and 2, the UN General Assembly discussed and voted on Resolution 77/7, Necessity of ending the economic, commercial and financial embargo imposed by the United States of America against Cuba, which has received the support of 31 sessions of that highest entity of multilateralism.
Despite the hostility and the genocidal crime that the unilateral and illegal U.S. policy against Cuba, rejected by almost the entire world, the unredeemed people of the island do not renounce their development. It resists and creates, because it is the only way to continue defeating the hegemonic power, which does not cease in its vile attempt to crush its example, since it is the only one it has not been able to break.
EFFECTS OF THE BLOCKADE
Between March 1, 2022 and February 28, 2023 (in US dollars)
(in US dollars)
4.867,000,000 is the estimate of damages to Cuba, due to the blockade, from March 1, 2022 until February 28, 2023
+ 405 000 000 000 per month
+ 13.000,000 per day
+ 555.000,000 per hour
+ 80% of the current Cuban population has only known a Cuba with a blockade.
For more than 60 years (in US dollars)
+ 159.084,000,000,000 are the damages accumulated in more than 60 years of blockade, at current prices.
+ 1 337 057 000 000 000 are the quantifiable damages in more than 60 years of blockade, considering the behavior of the dollar against the value of gold on the international market.
Health
239.803,690 USD
Education
75 551 799 USD
Sports
850 400.87 USD
Culture
83 446 000 USD
Biotechnology and pharmaceuticals
142 896 200 USD
Tourism
1 089 450 572 USD
Agriculture
273 390 800 USD
Communications and information technology sector, including telecommunications
41 270 050 USD
Industry
23 098 100 USD
Construction
89 134 500 USD
Energy and mining
491 156 960 USD
External sector
3 081 300 000 USD
Transportation
202 420 140 USD
Banking sector
280 200 000 USD
IMPACT OF THE BLOCKADE ON FOREIGN TRADE
IN THE AMOUNT OF: USD MILLION:
Impossibility of 488.8
access to the U.S. market
market.
Increase in the 490.9
freight and insurance and use of
of intermediaries
Revenue foregone 1 808
of income from
exports
Country risk/increase 13.4
of the cost of
financing
Prohibition to use 280.2
U.S. dollar
Total 3,081.3
IMPACT ON THE BANKING SECTOR
Foreign banks refused to 130
to do business with similar Cuban banks.
From Europe 75
From America 21
From the rest of the world 34
DAMAGE TO THE CUBAN FAMILY THROUGH REMITTANCES
FINCIMEX stopped managing 651,329,080 USD
for remittances,
directly affecting
the Cuban family
Not received through Va Cuba. 21,981,060 USD
Foregone through 8 961 090 USD
CUBAMAX
MOST NOTABLE INCIDENTS
- Continuous and deliberate application of measures implemented during the Donald Trump administration.
- Validity of the laws that make up the system of unilateral coercive measures.
- Inertia and immobility of President Joseph Biden's administration to promote real progress in bilateral relations.
- Cuba remains on the list of State sponsors of terrorism.
- The persecution of fuel supplies has continued.
- The campaign to discredit medical cooperation programs has continued.
- They have tried to restrict by all means the recovery of the Cuban tourism sector.
- Actions of economic pressure harmful to the sovereignty of third countries and international organizations have been maintained.
UNQUANTIFIABLE HUMAN DAMAGE
- Time to look for solutions and alternatives.
- Effect of more than 60 years of application.
- Dissatisfaction of the population due to the instability of goods and services.
- Psychological damage due to truncated life projects and separation of families.
- Loss of life, as a result of the irregular migratory flow; and the lack of drugs and treatments for serious illnesses.
SOURCE: CUBA'S REPORT ON UN GENERAL ASSEMBLY RESOLUTION 77/7
