00:18 GMT +315 October 2019
Listen Live
    A man enters the US Treasury Department building on Pennsylvania Avenue on January 24, 2017, in Washington, DC.

    US Treasury Fines German Chemical Company for Violating Cuba Embargo

    © AFP 2019 / PAUL J. RICHARDS
    Latin America
    Get short URL
    0 213

    WASHINGTON (Sputnik) - The US government has fined a German chemical firm for selling reagents to Cuba in violation of sanctions, the Treasury Department said in a press release.

    "The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $5,512,564 penalty against AppliChem GmbH ("AppliChem") of Darmstadt, Germany", the release said on Thursday. "AppliChem violated… Cuban Assets Control Regulations when it fulfilled Cuba orders of chemical reagents on 304 invoices".

    AppliChem’s US parent corporation voluntarily self-disclosed the violations, the release said. OFAC ruled that the infractions constituted "an egregious case", according to the Treasury Department.

    READ MORE: Sonic 'Attacks' on American Embassy Continue to Drive Wedge Between US and Cuba

    The Cuban Assets Control Regulations, passed in 1963, is the primary mechanism for the United States to enforce its trade embargo against Cuba.

    Following the victory of the Cuban revolutionaries over the US-backed regime in 1959, Washington severed diplomatic ties with Cuba and imposed a trade embargo on the country. In 2014, Washington and Havana expressed their intention to start working on normalizing bilateral relations. As a result, many restrictions on exchanges between the United States and Cuba were eased under then President Barack Obama.

    In June 2017, US President Donald Trump reversed the policy of his predecessor and abandoned attempts to normalize relations with Havana. Since then, Trump has set new limits for US citizens traveling to Cuba, and banned payments to a military-linked organization that controls the island's tourist industry.

    READ MORE: JPMorgan to Pay $5.26Mln to Settle Cuba, Iran Sanctions Breach — US Treasury


    Trudeau Insists Health Impact on Canadian Diplomats in Cuba Are Visible and Real
    Big Dolphin Energy: Mammal Gets Fresh With Tourist in Cuba
    US Senators Introduce Major Legislation to Lift Cuba Trade Embargo
    'End Game': US Venezuela Envoy Wants Maduro to Flee to Russia or Cuba
    Canadian Diplomats Exposed to Illness in Cuba Suing Ottawa for $21Mln – Reports
    embargo, fine, violation, AppliChem GmbH, US Department of Treasury, Germany, United States, Cuba
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik