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Limits On Trade
"... no products, technology or
services may be exported from the United States to Cuba, either directly or through third
countries, such as Canada or Mexico."
There is no selling of U.S. goods to Cuba , except for informational material and
certain humanitarian goods. It is possible to donate food to any non-governmental
organization, also one could send medical supplies to Cuba, but that requires a
license. However, sending money to Cuba poses a problem. One could send money
only to immediate family members and only after obtaining a license and an
affidavit--licenses must be acquired from the Office of Foreign Assets Control.
In addition to the regulations involved with the monetary processes, exchanging gifts
is closely monitored. Although a gift may be sent to Cuba, its value must be less
than $200 and only one package may be sent each month to any recipient. The parcel
sent is limited to food, medicinal supplies, etc. For more than one parcel per month, a
license must be acquired from the U.S. Department of Commerce, failing to do so results in
the government seizing the package.
Ultimately the goal of the sanctions is to isolate Cuba economically, and deprive it
of U.S. dollars. Doing so would mean a total freeze on Cuban assets. In effect, any
financial dealings between the U.S. and Cuba, and all property owned by U.S. persons in
Cuba, is "blocked." Any bank, either here or any branches overseas, that
comes into possession of any documents referencing Cuba must block it.
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