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EU accuses US of violating bilateral agreements by implementing Helms-Burton Act

| News | Cuban Desk

Ignacio Aparicio talks about the Spanish hotel industry investment in Cuba in a report published in Cinco Días

The United States is going against Cuba because of the island's support for Venezuela and, as collateral damage, it is affecting the interests of the European Union countries, mainly Spain. The vice-president of the European Commission and High Representative for Foreign Policy, Federica Mogherini, has accused the United States of violating the agreements it signed with the EU in 1997 and 1998 by the implementation, starting this Thursday, of the third title of the Helms-Burton Act, which opens the door to sanction companies that have businesses in the Latin American country. 

Ignacio Aparicio, Andersen Tax & Legal partner and director of the firm’s Cuban desk, affirms in the report that "although the ownership of the land corresponds to the Cuban mixed company, the obtaining of a canon in the case of a hotel is proof that the property is being 'trafficked', as is included in the Helms-Burton law."

You could read the full report in Cinco Días.

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