Effects of the US blockade against Cuba in 2011 alone
Campaign News | Sunday, 12 February 2012
BLOCKADE 50: END IT NOW!
Between May 2010 - April 2011 Public health costs were $15 million higher
March 2010 - March 2011 Food costs were $120.3 million higher
Havana Club’s exclusion from the US market cost it an $106.1million last year
Cuba lost $270,000 in payments for honey as a buyer mistakenly did not pay in Euros or Swiss francs
Education lost $881,400 in purchasing school supplies in far off markets
Culture lost estimated revenue of $14.9 million
Sport lost income and incurred higher costs estimated at $1.5 million
Tobacco lost estimated income of $79.9 million
Sugar Lost estimated income of $62million
Transport spent $42 million on 3,000 containers, shipping costs and intermediaries to avoid the blockade
Direct foreign investment losses (estimated in the World Investment report published by UNCTAD) $600.5 million
Finance and banking saw rejected payments alone lose €481,000
Tourism losses estimated at $1,713 million
