US Treasure Fines French Shipping Company for Services to Cuba

By NY Net News
Posted on 18 Aug 2011 at 12:26am

HAVANA, Cuba, Aug 17 (acn) The United States punished CCA, a subsidiary in Norfolk, Virginia of French CMA CGM Shipping Company, with a $374,400 fine for facilitating services to Cuba, the Office for Foreign Assets Control (OFAC) announced today.

PL news agency said a report by OFAC, an entity that belongs to the U.S. Department of the Treasury, accused the French company of violating U.S. regulations on Cuba.

The measure taken against CMA CGM, ranking third worldwide in container shipping, responds to the economic, commercial and financial blockade imposed by Washington on Cuba for over five decades now.

According to OFAC, the U.S. administration filed suit against CCA after the company accepted payments for shipping services provided by its parent company to facilitate shipments to Cuba through third countries. The entity was also accused of violating regulations of the U.S. Treasury on Iran and Sudan.

The OFAC release mentioned as well that some of the cargo shipped to Cuba and Iran by the French company could include agricultural products and pharmaceuticals.

Washington has maintained an economic blockade against Cuba that has caused the island a loss that surpasses $751 billion, according to the most recent estimates.

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