
One significant topic is getting overlooked in all the excitement to open up travel and trade with Cuba: there are more than 5,900 current claims against the assets on the island that were seized (nationalized) by Fidel Castro soon after he overthrew Fulgencio Batista. The initial U.S. response to these appropriations—a large reduction in the Cuban import quota of brown sugar—was the first step in what eventually became a full economic embargo on products from the island. Today, the individuals with claims on these assets, as well as descendants of original claim-holders, are angry that policymakers and the U.S. media and public have lost sight of that essential origin of the embargo. The issue is rarely, if ever, mentioned by the congressional leaders who have traveled in recent months to Cuba and subsequently pushed for warming relations with the island.
But the number of claim-holders is relatively small, even if the estimated value of their claims is large—around $6 billion today. They are not likely to be able to stand in the way of further policy changes.
And ultimately (assuming this is all in the interest of being “fair,” since after this many years, it is certainly not about need), if the score were to be tallied, who would have been deprived of more: these U.S. citizens having lost property and shares, or the Cuban people who have lost so much potential revenue from the economic embargo?
Still, Mary Sanchez writes: “To not address the claimants appropriately would be the lynchpin in the long history of U.S. political failures regarding Cuba.” And indeed, without having achieved a change in regime, transition to democracy or demonstrated respect for human rights on the island, the last possibility for meeting a U.S. policy goal with respect to Cuba would be to settle these long-standing debts. This does not speak to whether the properties should have originally been owned by U.S. citizens (some argue that their ownership of so much of the island’s property and industry was a reprehensible part of U.S. imperialism, and their claims should therefore be void), nor whether the embargo was the right implementation of the goals of U.S. policy (many would say that it was not). It is simply a fact: if these debts do not get settled, 47 years of embargo will not have achieved a single one of its goals.

4 Comments So Far»
These are JUST the US claims. There are many others, including some 25 billion odd rubles payable to the successor to the former USSR. Cuba has dismissed these as “unpayable”.
Cuba is a pariah state. It is in default of even its current obligations. Successive US administrations have been prudent to demand cash in advance of food shipments.
Thanks for bringing this up. There ARE more claims than just those by the United States, of course. European investors in high-risk assets still trade parts of the huge debt that Cuba owes in securities, to the tune of $3 billion. See here.
For years US courts have entertained lawsuits and granted claims amounting to tens of millions of US dollars, seized by Washington, to pay off US claims against Cuban entities. US courts have even allowed the sale of hijacked Cuban airplanes to pay money to private US citizens, including the relatives of US agents who were engaged in armed action against the Cubans revolution back in the early sixties. Google the name Janet Weineinger for some details.
Yesterday’s New York Times reported a different attitude when it comes to claims against a US ally, Saudi Arabia. Check this:
Two federal judges and the Second Circuit Court of Appeals have
already ruled against the 7,630 people represented in the lawsuit,
made up of survivors of the attacks and family members of those
killed, throwing out the suit on the ground that the families cannot
bring legal action in the United States against a sovereign nation
and its leaders.
“The Supreme Court is expected to decide this week whether to hear an appeal, but the families’ prospects dimmed last month when the Justice Department sided with the Saudis in their immunity claim and urged the court not to consider the appeal.
FULL:
THE NEW YORK TIMES
June 24, 2009
Documents Back Saudi Link to Extremists
By ERIC LICHTBLAU
http://www.nytimes.com/2009/06/24/world/middleeast/24saudi.html
Those Cubans left voluntarily after the revolution. They could have stayed and would still be in their own homes. They were not in danger of their lives, but chose another way of life in another country and abandoned their home country. They now do not deserve just to walk in and demand compensation. They could have stayed and helped to produce a country with one of the highest literacy rates and lowest infant mortality rates, with free education and health care (second to none) for all. They will be welcomed at visitors but not to walk in and take from the Cubans who stayed and helped to build so much.
2 Pingback & Trackback
Leave Comments Below»