Two American firms fined for buying explosives from Cuba

Come on down, pardner. We’ve got some of the best explosives in the world!

From our Bureau of Risky Businesses

Gotcha! Two firms that took advantage of Obama’s lax Cuba policy have been found guilty of violating the embargo on Cuban goods. In this case, it involves explosives.

The first question that comes to mind might be this: Is Castro, Inc. manufacturing explosives? If so, this reveals once again how twisted their priorities really are. No food, no toilet paper, no medicines, no toothpaste, etc… Ah, but we’ve got plenty of explosives. Come on down and buy some!

Loosely translated from CiberCuba

The United States government imposed penalties on two US companies for the purchase of explosives of Cuban origin, the Treasury Department reported.

Newmont Corporation (“Newmont”), a multinational mining company based in Denver, Colorado, settled with the government for $141,442, while Chisu International Corporation, located in Parkland, Florida, and affiliated with a distributor of explosives and accessories for mining operations, it will pay $45,908 dollars to avoid additional sanctions, as reported by the Office of Foreign Assets Control (OFAC)

In the case of Newmont, between approximately June 2016 and November 2017, one of its subsidiaries in Suriname purchased Cuban-origin explosives and explosive accessories. OFAC determined that the company voluntarily disclosed the violations that it considered a non-serious case.

On the same date, Chisu and its affiliates in Suriname and Panama purchased Cuban-origin explosives and related accessories on four occasions from the Latin American Union of Explosives (ULAEX), a joint venture created in Cuba that sells explosives to the industry.

OFAC determined that Chisu, on the other hand, did not voluntarily disclose the violations, despite which it considered that they also constitute a non-serious case.

The official Cuban website Cubadebate reacted to the measure, blaming the Biden administration for maintaining a “genocidal” policy against the island.

In recent months, OFAC has sanctioned several US companies for violating the embargo on Cuba.

Among them Airbnb, dedicated to the rental of accommodation for tourism and the company BitPay, a private company based in Atlanta, Georgia, for facilitating the processing of payments in bitcoin to Cubans residing on the island.

In the latter case, the company had to pay more than half a million dollars ($507,375) “to settle its possible civil liability” for violating the embargo on Cuba.