Havana, Cuba.-The effects of the U.S. blockade in Cuba”s financial transactions persist today, despite the start of the bilateral rapprochement process and the statements against the policy of President, Barack Obama.

After the announcement of the restoration of relations between the two countries, on December 17, 2014, some actions of this genocidal policy in force for almost 60 years still remain, affecting not only the Caribbean nation but also third countries.

The report by the Cuban Ministry of Foreign Affairs on the necessity of ending the economic, financial and commercial blockade, includes some examples of punitive measures mainly implemented by the Office of Foreign Assets Control (OFAC) to several international entities.

In August 2015, the OFAC fined Navigators Group Inc., from the United States, with $271,815 USD, while in February 2016, it fined French company CGG Services S.A. with $614,250 USD.

The U.S. Department of the Treasury, another of the major entities that assert the blockade’s regulations, applied several fines to international bodies such as the French bank Credit Agricole and the American design company WATG Holdings Inc. from 2015 to 2016.

As a result of the unilateral application of this body of laws, many financial institutions refused to prosecute Cuban banking transactions.

Among those institutions are the Society for Worldwide Interbank Financial Telecommunication, the Bank of the Bahamas, the Royal Bank of Canada, the Sumitomo Mitsui Banking Corporation of Japan, and the Spanish banks Santander and Caixa Bank.

This cited report on ending the blockade will be voted on at the UN General Assembly on October 26. Last year, 191 countries voted in favor of Cuba, only the United States and Israel voted against.