The European Union is stepping up for Cuba’s murderous socialist dictatorship big time. In a letter to the U.S. Chamber of Commerce, the EU issued a threat, saying it will seize the European assets of U.S. companies who win legal damages from European entities trafficking in stolen property they own in Cuba.
The European Union warned U.S. companies they risk having their assets seized if they pursue claims over the bloc’s dealings with Cuba, adding to the friction in transatlantic ties.
Earlier this month, President Donald Trump decided to let U.S. citizens file lawsuits over property confiscated in Cuba during the 1959 revolution, meaning claimants can sue companies that have used their former property on the island.
The EU, which is the biggest foreign investor in Cuba, has said Trump’s decision to activate the controversial provision in the Helms-Burton Act could result in a flood of litigation against foreign firms. In a letter sent to the U.S. Chamber of Commerce, the European Commission threatened to retaliate against any claims targeting EU companies.
“Initiating a court case in the U.S. will likely start a protracted legal process in which those companies might win compensation in U.S courts only to have the same amount seized from their EU operation,” the bloc’s executive arm said in the letter addressed to John G. Murphy, senior vice president at the U.S. Chamber of Commerce in Washington.
EU law allows “companies sued in the U.S to recover any damage through legal proceedings against U.S claimants before EU courts,” the commission says in the letter seen by Bloomberg. “Such damages could be recovered through the seizure of assets in the EU held by U.S. claimants, persons acting on their behalf or their intermediaries, including shares they may hold in EU companies.”
The threat by the European Union is a clear message they are willing to do almost anything not only to protect their investments in apartheid Cuba, but also protect the totalitarian and brutally repressive Cuban regime. All the business opportunities the EU has enjoyed in Cuba have come from their business partnership with the Castro family dictatorship. In order to protect and maintain these business ventures, they must ensure the Castros remain in complete power.