U.S. exporters to Cuba say cash blocked
U.S. exporters to Cuba say cash blocked
By JEANNINE AVERSA, Associated Press Writer
Last Updated 10:51 am PST Wednesday, November 24, 2004
WASHINGTON (AP) - Some companies that sell food and agricultural products to Cuba are reporting that payments are not being credited to their bank accounts in the United States, according to a representative of a group that tracks business between the two countries.
John Kavulich, president of the U.S.-Cuba Trade and Economic Council Inc., said Tuesday that fewer than half a dozen companies have contacted his organization recently about such problems.
He said banks have confirmed receipt of payments from Cuba but have not credited the accounts of exporters on instructions from the U.S. government.A spokeswoman for the Treasury Department said its Office of Foreign Assets Control, which enforces the economic embargo against Cuba, is looking into the matter. OFAC, she said, has been asked to clarify the government's policy regarding payments. She wouldn't say who requested the clarification.
"We are taking a serious look at the issue and working with our germane counterparts in the U.S. government," the Treasury spokeswoman said, speaking on condition that she not be identified further. "We expect to issue guidance in the near future."
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