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.