US puts further squeeze on $$ remittances to Cuba

Cubans waiting to do business with a Western Union office in Havana

Long accustomed to the pressures from the United States that date back to the Cold War, Cuba is girding its loins for the latest round of economic sanctions from Washington following the Trump administration’s announcement of fresh embargo stringencies that have effectively closed more than four hundred Western Union offices in Cuba.

The move by Washington poses challenges for the continuity of vital cash remittances to Cubans at home from relatives in the United States, a circumstance that could impact significantly on the standard of living of thousands of households on the island.

More than 400 Western Union offices in Cuba will close their doors due to new embargo regulations imposed by the Trump administration, FINCIMEX, the Cuban military company that controls remittances to Cuba, said Tuesday.