US embargo costs Cuba’s sports sector millions of dollars – Xinhua

People take part in a rally against the U.S. embargo in Havana, Cuba, Aug. 5, 2021. (Photo by Joaquin Hernandez/Xinhua)

In just seven months, “between August 2021 and February 2022, the US blockade caused $2 million in losses,” said Gisleidy Sosa, director of the National Institute for Sports, Physical Education and Recreation, during of a press conference here. tuesday.

HAVANA, Nov. 1 (Xinhua) — The U.S. trade embargo against Cuba has cost the Caribbean country’s sports sector about $15 million in lost revenue over the past five years, an official said.

In just seven months, “between August 2021 and February 2022, the US blockade caused $2 million in losses,” said Gisleidy Sosa, director of the National Institute for Sports, Physical Education and Recreation, during of a press conference here. tuesday.

The sanctions effectively prevent Cuban athletes and coaches from participating in international sporting events in the United States by making it difficult to obtain visas, Sosa explained ahead of the Cuban government’s annual draft resolution at the United Nations General Assembly United, scheduled for November 2. 3, calling for an end to the embargo.

Yadira Gonzalez, director of Cubadeportes, the island’s sports promotion company, said the sanctions are also undermining the sector in Cuba by restricting access to essential sports equipment and supplies on the international market.

“We are systematically subjected to financial persecution, which negatively impacts our ability to bank with international companies and sports institutions,” Gonzalez said.

First imposed in 1962, the embargo was reinforced by former US President Donald Trump, who implemented 243 additional sanctions, including a ban on all flights from the United States to Cuban destinations. other than the capital Havana and the capping of remittances that Cuban Americans can send to their families. back home.

The current US administration has allowed airlines to resume flights to various Cuban cities and lifted the cap on remittances, but the web of sanctions against Cuba largely remains in place.

According to the Cuban government, US sanctions have cost the Cuban economy a total of US$154.2 billion over the past six decades.

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