U.S. Political Class Looks Away as Cuba Details Impact of U.S. Blockade
According to Cuba’s calculations, the blockade over the decades has caused Cuba to lose $822.2 billion, figured in terms of devaluated dollars, or $130.2 billion, expressed as their current value.
Since April 16, 2016, the blockade has cost Cuba $4.3 billion. These totals represent extra costs associated with obtaining goods in places other than the United States, income lost due to the unavailability of U.S. goods and supplies, and earnings unrealized due to the U. S. ban on imports from Cuba.
That these losses exceed the billions of dollars Cuba receives as direct foreign investment suggests the extent to which financial drain jeopardizes Cuba’s economic development.
Since April 16, 2016, the blockade has cost Cuba $4.3 billion. These totals represent extra costs associated with obtaining goods in places other than the United States, income lost due to the unavailability of U.S. goods and supplies, and earnings unrealized due to the U. S. ban on imports from Cuba.
That these losses exceed the billions of dollars Cuba receives as direct foreign investment suggests the extent to which financial drain jeopardizes Cuba’s economic development.
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