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Cuba slams record U.S. fine slapped on ING

06-21-2012 09:15 BJT

HAVANA, June 20 (Xinhua) -- Cuba denounced Wednesday the multimillion-dollar fine the United States has imposed on Dutch bank ING for reportedly doing business with Cuba in violation of U.S. sanctions.

According to a statement from the Cuban Foreign Ministry published in the official daily Granma, the 619 million-dollar fine "is the largest fine imposed by the OFAC (the U.S. Office of Foreign Assets Control) in its history for alleged violations of existing unilateral sanctions against various countries."

On June 12, the U.S. Treasury Department's OFAC announced it was fining ING 619 million dollars "for having financial and commercial transactions with Cuban entities, which is prohibited by the criminal blockade against Cuba," Granma said.

The paper also quoted OFAC Director Adam Szubin during the announcment of the sanction, saying the U.S. official "used threatening and disrespectful language, while emphasizing once again, the extraterritorial and interventionist nature of the U.S. policy."

"The Government of Cuba denounces this new outrage, which makes a mockery of the universal demand for the United States to end its blockade against the island," the statement said.

In 1961, the U.S. broke off diplomatic relations with Cuba's socialist government and decreed an economic, trade, and financial blockade, which has caused the Caribbean nation losses of over 975 billion dollars, according to official statistics.

Editor:Sun Luying |Source: Xinhua

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