Remarks at Puerto Rico Manufacturers Association (PRMA)
In 2000, there were 400 foreign companies operating in Cuba through minority joint ventures with the Castro regime, which is sadly the only permissible legal vehicle for foreign companies to invest in Cuba. Today, there are only 190 left.
In the last few years, European investors have seen over $1 billion arbitrarily frozen in Cuban banks by the government.
As Reuters reported, “the Communist-run nation failed to make some debt payments on schedule beginning in 2008, and then froze up to $1 billion in the accounts of foreign suppliers by the start of 2009.”
In 2000, there were 400 foreign companies operating in Cuba through minority joint ventures with the Castro regime, which is sadly the only permissible legal vehicle for foreign companies to invest in Cuba. Today, there are only 190 left.
In the last few years, European investors have seen over $1 billion arbitrarily frozen in Cuban banks by the government.
As Reuters reported, “the Communist-run nation failed to make some debt payments on schedule beginning in 2008, and then froze up to $1 billion in the accounts of foreign suppliers by the start of 2009.”
Aucun commentaire:
Enregistrer un commentaire