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‘There is no money’: Cuba fears total collapse amid grid failure and financial crisis
(www.theguardian.com)
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this post was submitted on 26 Oct 2024
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The embargo? Seized a bunch of American-owned property in the revolution. The US said "you can nationalize it, but you gotta pay for it". The Cuban government said no, and the US said "then we won't do business with you".
Lot of property owned by Americans out there in the world. Makes people think twice about treating it as a free cash grab bag if the last group to try it regretted it.
Also, as someone else pointed out, it's an embargo, not a blockade, which would be forcibly preventing them from doing business with anyone else, like, parking warships offshore and not letting anything in or out. A blockade would be an act of war. Embargoes are not.
Seized or reclaimed? The colonial gaze is strong here.