334. 8/21/1975

“21.08.75 The State Department announced that the Department of the Treasury’s Cuban Assets Control Regulations were amended, providing that specific licenses would be issued to cases fitting certain categories of transactions between companies owned or controlled by American citizens in third countries and Cuba, when required by local laws or when it is a policy of the third country to favor trade with Cuba. For that, goods must be manufactured in that third country, must not be strategic items, or no U.S.-origin technical information must be transferred, except for operation or maintenance information. Also, no accounts or financing in US dollars must be used for export transactions by any company owned or controlled by American citizens, except for standard short-term financing; in addition, American directors cannot engage in trade with Cuba (even though their subsidiary is at liberty to do so).” [Con Embargo]

“Gerald Ford (R). Timeline,” Cuba versus Blockade: Cuban People’s website, 2007

Tags:

Categorised in:

Comments are closed here.