Between April 2019 and December 2020, we estimate the impact of the US economic, commercial and financial blockade at nine billion dollars, the minister said during a meeting of the France-Cuba Business Council.
At the forum, organized by the Movement of the Enterprises of France, MEDEF International, Malmierca recalled that Donald Trump’s administration (2017-2021) decreed 243 measures to tighten the siege implemented for more than six decades, all those hostile actions maintained by his successor, Joe Biden.
The blockade has reached unimaginable limits, for example, sanctioning a ship for transporting oil to Cuba, he commented to 20 French businessmen in the meeting also led by MEDEF International Director General Philippe Gautier and Cuban Ambassador to France Otto Vaillant.
According to the minister, the tightening of Washington’s aggressiveness and the Covid-19 pandemic, with impact on key sectors such as tourism, caused a drop in the Gross Domestic Product close to 11 percent in 2020.
Regarding his agenda in Paris, Malmierca highlighted the results of the 6th bilateral Economic and Trade Commission and the Meeting of the Strategic Orientation Committee, held on Tuesday, and in which several cooperation instruments were signed.