THE UNITED STATES IMPOSED PENALTY ON HALLIBURTON FOR VIOLATING THE BLOCKADE ON CUBA
New York, March 3, 2016. The United States Department of the Treasury imposed a penalty of $304,706 on Halliburton, an American company, for violating the regulations of the blockade on Cuba.
This new penalty is the third one imposed year to date.
According to a report by the Office of Foreign Assets Control (OFAC), between February and April 2011, Halliburton and its Cayman Islands subsidiaries exported goods and services amounting to $1,189,752 in support of oil and gas exploration and drilling activities in a third country.
OFAC claimed that Cuban company Cuba Petróleo (CUPET) held five percent interest in an oil and gas production consortium operating in such country.
This penalty confirms the intensification of the economic, commercial and financial persecution against Cuban transactions and its marked extraterritorial scope.
Such measure increases the difficulties faced by American and foreign entities interested in establishing business with Cuba.
As of December 17, 2014, the Government of the United States has penalized 8 entities (5 American and 3 from other countries) for an aggregate of $2,836,681,581.
Similarly, the penalties imposed during the Obama Administration (2009-2016) on account of violation of the blockade on Cuba reach a total of 49. Such penalties amount to $14,397,416,827.
New York, March 3, 2016