January 31, 2019
Key Republicans on Capitol Hill are warning the Maduro government in Venezuela, as well as Cuba, that they could be officially designated as state sponsors of terrorism, a status that carries the harshest of U.S. sanctions.
The Trump administration—at the same lawmakers’ urging—is also weighing new sanctions on Cuban generals and other officials, as well an even harsher action: ending a waiver, known as Title III of the Helms-Burton Act, which has been in effect since 1996, according to several government officials.
Just days ago, the Trump administration imposed broad sanctions against Venezuela’s state-owned oil company, aiming to strike a crippling blow against Maduro’s hold on power.
Ending the Helms-Burton waiver would allow U.S. citizens to sue individuals and companies in U.S. courts for the use of property seized by the Cuban government during the communist revolution in 1953.
It would freeze billions of dollars in foreign investment in Cuba, including imposing serious penalties on America Airlines, Carnival Cruise Line, and Marriott—all U.S. companies that expanded operations in Cuba during the Obama-era rapprochement with Havana.
This article was posted: Thursday, January 31, 2019 at 7:27 am