The lifting of the waiver on Title III of the Helms-Burton act is sending shock waves through highest ranks of Cuba’s Castro dictatorship. For the first time in decades, the Cuban regime faces serious legal challenges for its trafficking in stolen property on the island.
With the prospect of multiple U.S. lawsuits on the horizon, foreign investment in Cuba could come to a screeching halt. This would cut off a major source of revenue to the apartheid Castro regime, which has made billions of dollars selling stolen Cuban property to foreign investors.
Since it stole all private businesses, buildings, and property on the island at gunpoint in the early 1960s, the Castro dictatorship has never been held accountable. It has also enjoyed a decades-long reprieve from Title III of the Helms-Burton act, which gives American citizens the right to seek legal recourse in recovering Cuban property stolen from them by the Castro regime.
But because of the Cuban regime’s egregious interference in Venezuela and continued backing of the Maduro dictatorship, it appears the Castro dictatorship has overplayed its hand. U.S. sanctions are coming, and it will cost them dearly.
The Trump administration is preparing to “financially strangle the Cuban regime” because of its support for Venezuelan strongman Nicolas Maduro, according to a senior administration official.
“We are fully willing to keep it up financially,” said the official, who requested anonymity, when asked to forecast the pressure the United States intends to apply to Cuba. “They’re going to have to reconsider.”
The administration found the way to apply pressure in Title III of the LIBERTAD Act, a never-enforced legal provision that authorizes Americans who had their property nationalized by Fidel and Raul Castro’s communist dictatorship to sue the foreign companies who control that property now. Their initial move to allow the lawsuits covered only a modest number of cases, targeting only Cuban entities tied to the regime’s security services, but the administration could add other foreign companies to that list in as little as “two weeks,” according to the official.
“We have made very clear to them that the intent of our enacting Title III, and of looking to do so in the future, is to essentially create a completely inhospitable foreign investment environment for Cuba, to pressure it economically for its actions in Venezuela,” the senior administration official said.
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