EU to shield its companies in Cuba via WTO, blocking U.S. sanctions

EU to shield its companies in Cuba via WTO, blocking U.S. sanctions
  • Clock-gray 12:30
  • calendar-gray 02 May 2019

The European Union could take the United States to the World Trade Organization or use retaliatory sanctions to protect its companies in Cuba after President Donald Trump lifted a ban on U.S. citizens filing lawsuits against investors there, ONAreports citing Reuters.

“The EU considers the extra-territorial application of unilateral restrictive measures to be contrary to international law and will draw on all appropriate measures,” the EU’s foreign policy chief Federica Mogherini said in a statement.

Mogherini said those steps could include a World Trade Organization case on the issue or using a “Blocking Statute” legal act.

Mogherini said the EU would also seek support from other countries. The Trump administration last month lifted a long-standing ban against U.S. citizens filing lawsuits against foreign companies that use properties seized by Cuba’s Communist government since Fidel Castro’s 1959 revolution.

Faiq Mahmudov

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