• Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

For Immediate Release | Official News Wire for the Travel Industry

Where press releases are breaking news

  • Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

New US Cuban sanctions target tourism, remittances and banking

April 18, 2019 by Forimmediaterelease

The US is targeting Cuba with additional sanctions, including restricting travel to the island nation, limiting remittances, and sanctioning additional entities, White House national security adviser John Bolton said.

US citizens sending remittances to Cuba will be limited t $1,000 per person per quarter, Bolton said on Wednesday. Non-family travel will be restricted to reduce “veiled tourism” that benefits the Cuban government and military, he added.

“Through the Treasury Department, we will also implement changes to end the use of ‘U-turn transactions,’ which allow the regime to circumvent sanctions and obtain access to hard currency and the US banking system,” Bolton said in a speech to veterans of the 1961 Bay of Pigs invasion, when Cuban exiles tried to overthrow Fidel Castro’s regime.

The move comes a day after the White House announced it would stop issuing waivers on implementing the Helms-Burton law, which would penalize anyone in the world who did business with Cuban entities using property seized from US owners following the 1959 Cuban revolution.

Treasury has not officially announced the new sanctions, but Bolton said five entities will be added to the Cuban blacklist, including the military-owned airline Aerogaviota.

The US cut diplomatic ties with Cuba in 1961, and over the following decades imposed a wide range of sanctions on the island nation, just 90 miles south of Florida. Former president Barack Obama sought to soften the US policy in 2015, leading to the reopening of the US and Cuban embassies and loosening of travel restrictions.

In June 2017, however, Trump rolled back all of Obama’s changes, returning to a hardline policy on Cuba. Additional sanctions were introduced this year, as Trump administration has accused Cuba of and its military of occupying Venezuela and helping Nicolas Maduro’s regime to stay in power.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: American Travel News, and, announced, Banking, Barack, Barack Obama, Bay, benefits, blacklist, Breaking Travel News, Business, changes, citizens, Cuba, Cuba travel news, Cuban, currency, cut, day, decades, department, diplomatic, embassies, end, Family, family travel, Feature, Fidel Castro, Florida, following, former president, free, government, Government Affairs, Helping, house, in, including, International Travel News, introduced, island, IT, John, John Bolton, June, just, law, leading, Limited, miles, military, move, nation, national, New, News articles, Nicolas, Nicolas Maduro, Non, Obama, over, owners, pigs, policy, power, president, President Barack Obama, property, quarter, range, reduce, regime, remittances, reopening, restrictions, Revolution, s, said, sanctions, Security, seized, South, speech, stay, stop, system, target, targeting, The Island, The Treasury, The World, through, ties, to, tourism, transactions, Travel, Travel Destination News, travel restrictions, Travelwire News, tried, Trump, turn, US, US citizens, US policy, use, using, Venezuela, veterans, waivers, We, were, white, White House, WHO, World, World News, year

EU and Airbus cite US for inaction that could cost billions

March 28, 2019 by Forimmediaterelease

The World Trade Organization (WTO) Appellate Body has rejected every single United States argument whereas it has taken all EU legal points on board. In addition, the WTO highest court has also qualified a number of additional US federal and state programmes as illegal subsidies, and even, as prohibited subsidies as in the case of the Foreign Sales Corporation scheme (FSC), a major win for the EU.

Airbus welcomed the report of the WTO Appellate Body, published today, which confirms that the United States failed to withdraw the subsidies granted by federal, state and local authorities to Boeing, and to remove the harm those subsidies caused to Airbus.

The report requests that further compliance steps are necessary from the United States and Boeing. Failure to do so will provide the European Union the possibility to seek countermeasures on imports of US products.

Airbus General Counsel John Harrison stated: “This is a clear victory for the EU and Airbus.   It vindicates our position that Boeing, while pointing fingers at Airbus, has not taken any action to comply with its WTO obligations, contrary to Airbus and the EU. With this damaging report, continuing to deny they receive massive illegal subsidies from the United States government is no longer an option. Stated differently, absent settlement, the US will pay – in perpetuity – billions in annual sanctions driven by every single flying Boeing program, while the EU would face, in the worst case, only minor issues.

He added: “We hope that these findings will prompt the United States and Boeing to move forward constructively in this long-standing dispute and join us in working towards a fair-trade environment. In the absence of a constructive approach, the EU now has a very strong legal case to move forward to countermeasures.”

Airbus thanks the European Commission and the governments of France, Germany, the United Kingdom and Spain for their continuous support throughout the long dispute process. Their longstanding efforts to restore a fair level playing field are now clearly showing results.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, annual, authorities, Aviation News, aviation-website, billions, board, body, Boeing, Breaking Travel News, case, Clear, commission, Compliance, Corporation, cost, court, deny, dispute, efforts, environment, EU, European, European Commission, European Union, even, face, failure, fair, federal, findings, Flying, foreign, Forward, France, general, General Counsel, Germany, government, governments, highest, hope, illegal, illegal subsidies, in, issues, IT, John, join, Kingdom, legal, Legal case, local, massive, Minor, move, News articles, number, on board, only, option, organization, pay, points, position, possibility, products, program, published, qualified, receive, rejected, remove, report, requests, restore, results, Sales, sanctions, scheme, seek, settlement, single, Spain, standing, State, stated, states, strong, subsidies, support, the European Union, the United States, The World, to, TO DO, today, Trade, Transportation News, Travel & Tourism Organizations News, Travelwire News, union, United, United Kingdom, United Kingdom and Spain, United States, United States government, US, victory, We, welcomed, win, working, World, World Trade Organization, worst, WTO

Search




Recent Articles

  • The St. Regis Almasa Opens Its Doors In Egypt’s New Administrative Capital
  • Royal Palaces reopen from 4 March 2021
  • Thailand sees gradual return of events and festivals with strict COVID-19 controls
  • Coronavirus Disease 2019 (COVID-19) situation in Thailand as of 5 March 2021, 11.30 Hrs.
  • Seychelles opens up to the world
  • Marriott International to Provide Associates Financial Award for COVID-19 Vaccination
  • New Austin Marriott Downtown Brings Inspiring Hospitality Experience to the Heart of the Texas Capital
  • Coronavirus Disease 2019 (COVID-19) situation in Thailand as of 4 March 2021, 11.30 Hrs.
  • Uniglobe marks 40-year anniversary with optimism and future focus
  • Hyatt Announces Global Expansion of Independent Collection Brands with New Hotel Openings and Developments Slated Through 2025

Copyright © 2021 · Metro Pro on Genesis Framework · WordPress · Log in