Record UN vote against embargo.
Nearly every country in the U.N. General Assembly told the United States to lift its four-decade old economic embargo against Cuba in a record vote of 182 to 4 with 1 abstention, reports Reuters (Nov. 8, 2005). The vote, held for the 14th consecutive year, was on a resolution calling for Washington to lift the U.S. trade, financial and travel embargo, particularly its provisions on penalizing foreign firms. Voting "no" were the United States, Israel, Palau and the Marshall Islands. Micronesia abstained and El Salvador, Iraq, Nicaragua and Morocco did not vote. Last year the vote was 179 to 4, with several countries not voting at all. In 2004, 77 companies, banks and private groups were fined for breaking the embargo. Some 11 of them were foreign companies or subsidiaries of U.S. firms in Mexico, Canada, Panama, Italy, Britain Uruguay and the Bahamas. The U.S. action that had the most repercussion in 2004 was a US$100 million fine the Federal Reserve imposed on the Swiss bank UBS for transferring new dollar bills to Cuba.
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|Article Type:||Brief Article|
|Date:||Dec 1, 2005|
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