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Top US lawmaker vows to keep embargo on Cuba
Top US lawmaker vows to keep embargo on Cuba

Top US lawmaker vows to keep embargo on Cuba

Festus Nakatana
Congress will keep a decades-old embargo on Cuba, the top Republican in the US House of Representatives vowed Tuesday, despite recent moves by President Barack Obama to ease sanctions against Havana.

“I fully intend to maintain our embargo on #Cuba,” House Speaker Paul Ryan said in a tweet.

Obama issued an executive order last week that further loosened restrictions on trade with Cuba, nearly two years after Washington began the process of rapprochement with its former foe.

The embargo remains a major holdover from decades of Cold War enmity between the two neighbouring nations.

But Ryan, the top lawmaker in the Republican-led House, insisted in a longer statement that he would resist “the Obama administration''s unilateral move to lift trade restrictions on Cuba.”

“The Castros continue to jail pro-democracy activists at a rate of hundreds per month, yet it is full steam ahead for the Obama administration''s efforts to appease this oppressive regime,” he said, referring to the government of longtime revolutionaries Fidel Castro and his brother Raul, the current president.

Put in place in the early 1960s, the trade embargo was designed to starve Fidel Castro''s regime of US currency.

Despite the mid-2015 restoration of diplomatic relations between Washington and Havana, the embargo remains largely in place today.

Ryan said President Castro has made little progress in improving the lot of the Cuban people, despite better economic prospects as a result of the thaw with Washington.

“As the past two years of normalizing relations have only emboldened the regime at the expense of the Cuban people, I fully intend to maintain our embargo on Cuba,” the lawmaker said.



NAMPA/AFP

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Namibian Sun 2024-05-08

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 308.73/OZ DOWN -0.0028 | Copper US$ 4.51/lb DOWN -0.0109 | Zinc US$ 2 927.30/T UP 0.33% | Brent Crude Oil US$ 84.28/BBP UP +0.88% | Platinum US$ 975.87/OZ DOWN -0.0028 Sport results: Premier League: Crystal Palace 4 vs 0 Manchester United | Liverpool 4 vs 2 Tottenham Hotspur | Brighton 1 vs 0 Aston Villa | Chelsea 5 vs 0 West Ham LaLiga: Rayo Vallecano 0 vs 1 Almería | Sevilla 3 vs 0 Granada | Valencia 0 vs 1 Deportivo Alaves | Celta Vigo 3 vs 2 Villarreal | Osasuna 0 vs 2 Real Betis SerieA: Udinese 1 vs 1 Napoli | Salernitana 1 vs 2 Atalanta | AS Roma 1 vs 1 Juventus | AC Milan 3 vs 3 Genoa | Empoli 0 vs 0 Frosinone | Hellas Verona 2 vs 1 Fiorentina | Cagliari 1 vs 1 Lecce Weather: Katima Mulilo: 14° | 34° Rundu: 18° | 34° Eenhana: 19° | 36° Oshakati: 20° | 35° Ruacana: 21° | 35° Tsumeb: 21° | 33° Otjiwarongo: 18° | 31° Omaruru: 19° | 34° Windhoek: 19° | 29° Gobabis: 18° | 30° Henties Bay: 14° | 20° Wind speed: 24km/h, Wind direction: S, Low tide: 09:28, High tide: 03:22, Low Tide: 21:38, High tide: 15:50 Swakopmund: 15° | 17° Wind speed: 32km/h, Wind direction: S, Low tide: 09:26, High tide: 03:20, Low Tide: 21:36, High tide: 15:48 Walvis Bay: 15° | 21° Wind speed: 38km/h, Wind direction: S, Low tide: 09:26, High tide: 03:19, Low Tide: 21:36, High tide: 15:47 Rehoboth: 20° | 31° Mariental: 22° | 33° Keetmanshoop: 20° | 33° Aranos: 21° | 33° Lüderitz: 15° | 24° Ariamsvlei: 18° | 34° Oranjemund: 12° | 19° Luanda: 25° | 27° Gaborone: 14° | 29° Lubumbashi: 13° | 28° Mbabane: 12° | 27° Maseru: 11° | 26° Antananarivo: 13° | 22° Lilongwe: 16° | 28° Maputo: 19° | 29° Windhoek: 19° | 29° Cape Town: 13° | 20° Durban: 17° | 27° Johannesburg: 16° | 26° Dar es Salaam: 23° | 29° Lusaka: 16° | 28° Harare: 13° | 27° Economic Indicators: Currency: GBP to NAD 23.16 | EUR to NAD 19.95 | CNY to NAD 2.57 | USD to NAD 18.58 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.64 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.39 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.5 | USD to KES 130.48 | USD to NGN 1404.8 | USD to ZAR 18.58 | USD to ZMW 27.24 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 77177.44 Up +0.32% | Namibian Stock Exchange (NSX) Overall Index 1714.65 Down -0.07% | Casablanca Stock Exchange (CSE) MASI 13418.67 Up +0.32% | Egyptian Exchange (EGX) 30 Index 25988.93 Down -1.67% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 308.73/OZ DOWN -0.0028 | Copper US$ 4.51/lb DOWN -0.0109 | Zinc US$ 2 927.30/T UP 0.33% | Brent Crude Oil US$ 84.28/BBP UP +0.88% | Platinum US$ 975.87/OZ DOWN -0.0028