TELETRADER News
4/17, 2:29 AM (Source: TeleTrader)
more TeleTrader news

EU 'strongly condemns' US decision to allow Cuba lawsuits

The European Union's ambassador to Cuba said that the bloc "strongly condemns" the United States' decision to allow lawsuits against Cuba and companies that engage in business on the island, according to Sputnik.

Speaking at a press conference, Alberto Navarro said that the EU "deeply regretted" the decision as "it will create even more confusion for foreign investments, which help job creation and prosperity in Cuba." The bloc is Cuba's largest trading partner.

Reports from earlier today indicated that US President Donald Trump was set to allow US nationals to file lawsuits in US courts against foreign companies which may have profited from the seizures of US companies' former property by the regime of then-Cuban President Fidel Castro. Washington would first have to fully implement Title III of the Helms-Burton Act, a law passed in 1996 under President Bill Clinton, for such lawsuits to be initiated.

Breaking the News / DZ