[NYTr] US Blockade Cost Cuban Telecom $21.5 milliion Last Year
 
Date: Wed, 3 Oct 2007 00:24:24 -0500 (CDT)

Via NY Transfer News Collective  *  All the News that Doesn't Fit
 
Prensa Latina, Havana
http://www.plenglish.com

US Blockade Cost Cuba's Telecom ETECSA $21.5 million 2006-2007

Havana, Oct 2 (Prensa Latina) Cuba's Telecommunications Company
(ETECSA) lost $21.5 million from May 2006 to April 2007 due to the US
economic, commercial and financial blockade.

Cuba's report on R.61 11 of the UN General Assembly says the blockade
prevents US operators from trading with the Island so having to turn to
third countries effect the quality of services.

Impossibility to use US dollars impede Cuban operations in US banks,
affecting ETECSA liquidations for international traffic and increased
banking commissions.

The over four decade US blockade also soared charter and insurance
expenses since purchases are made in Europe and Asia with logical
overpricing plus the "Risk Cuba" interest rate overtax.

The US also stalls the Cuban experts attendance to seminars in the US,
and their US counterparts are impeded to get a license, visas or
permits to visit the Island.

In 2006, 183 of the 192 UN member countries voted to lift the economic,
commercial and financial blockade on Cuba.

hr emw dsa

PL-38
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