Donald Trump to announce plan to stop cash flow to Cuban military

Agencies
June 16, 2017

Washington, Jun 16: Stopping short of a complete turnabout, President Donald Trump is expected Friday to announce a revised Cuba policy aimed at stopping the flow of US cash to the country’s military and security services while maintaining diplomatic relations and allowing U.S. airlines and cruise ships to continue service to the island.

Cubany

In a speech Friday at a Miami theater associated with Cuban exiles, Trump will cast the policy moves as fulfillment of a promise he made during last year’s presidential campaign to reverse then-President Barack Obama’s diplomatic re-engagement with the island after decades of estrangement.

Senior White House officials who briefed reporters Thursday on the coming announcement said Obama’s overtures had enriched Cuba’s military while repression increased on the island. The officials spoke on condition of anonymity to discuss the policy before Trump announces it, despite the president’s regular criticism of the use of anonymous sources.

The moves to be announced by Trump are only a partial reversal of Obama’s policies, however. And they will saddle the U.S. government with the complicated task of policing U.S. travel to Cuba to make sure there are no transactions with the military-linked conglomerate that runs much of the Cuban economy.

By restricting individual U.S. travel to Cuba, the new policy also risks cutting off a major source of income for Cuba’s private business sector, which the policy is meant to support.

Under the expected changes, the U.S. will ban American financial transactions with the dozens of enterprises run by the military-linked corporation GAESA, which operates dozens of hotels, tour buses, restaurants and other facilities.

Most U.S. travelers to Cuba will again be required to visit the island as part of organized tour groups run by American companies. The rules also require a daylong schedule of activities designed to expose the travelers to ordinary Cubans. But because Cuban rules requires tour groups to have government guides and use state-run tour buses, the requirement has given the Cuban government near-total control of travelers’ itineraries and funneled much of their spending to state enterprises.

Obama eliminated the tour requirement, allowing tens of thousands of Americans to book solo trips and spend their money with individual bed-and-breakfast owners, restaurants and taxi drivers.

The U.S. Embassy in Havana, which reopened in August 2015, will remain as a full-fledged diplomatic outpost. Trump isn’t overturning Obama’s decision to end the “wet foot, dry foot” policy that allowed most Cuban migrants who made it onto U.S. soil to stay and eventually become legal permanent residents.

Also not expected are any changes to U.S. regulations governing what items Americans can bring back from Cuba, including the rum and cigars produced by state-run enterprises.

More details about the changes are expected to be released Friday, when the new policy is set to take effect. But none of the changes will become effective until the Treasury Department issues new regulations, which could take months. That means that any U.S. traveler currently booked on a flight to Cuba in the next few weeks, or even months, could go ahead and make the trip.

Critics said the changes would only hurt everyday Cubans who work in the private sector and depend on American visitors to help provide for their families. Supporters expressed appreciation for Trump’s emphasis on human rights in Cuba.

Obama announced in December 2014 that he and Cuban leader Raul Castro were restoring diplomatic ties between their countries, arguing that the policy the U.S. had pursued for decades had failed to bring about change and that it was time to try a new approach.

The U.S. severed diplomatic relations with Cuba in 1961 after Fidel Castro’s revolution. It spent subsequent decades trying to either overthrow the Cuban government or isolate the island, including toughening an economic embargo first imposed by President Dwight D. Eisenhower. The embargo remains in place and unchanged by Trump’s policy. Only the U.S. Congress can lift the embargo, and lawmakers, especially those of Cuban heritage, like Sen. Marco Rubio, R-Fla., have shown no interest in doing so.

The son of a Cuban immigrant, Rubio opposed Obama’s re-engagement with Cuba, saying Obama was making concessions to an “odious regime.”

Trump aides said Thursday that Rubio was “very helpful” to the administration as it spent months reviewing the policy. The senator, who challenged Trump for the Republican presidential nomination, was expected to travel with the president aboard Air Force One and appear with him at Friday’s announcement.

The change in the U.S. posture toward Cuba under Trump marks the latest policy about-face by the president.

While campaigning last year in Miami, which is home to a large Cuban-American population, Trump pledged to reverse Obama’s efforts to normalize relations with Cuba unless it met certain “demands,” including granting Cubans religious and political freedom, and releasing all political prisoners. He said he would “stand with the Cuban people in their fight against communist oppression,” and went on to win about half the Cuban vote in Florida in the presidential election.

Trump had previously said he supported restoring diplomatic relations but wished the U.S. had negotiated a better deal.

For the announcement, the White House chose to have Trump speak at the Manuel Artime Theate in Miami. The theater is named for an exile leader of the Bay of Pigs veterans’ association that endorsed Trump last October.

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News Network
February 27,2020

Washington, Feb 27: President Donald Trump has said that the US' relationship with India is "extraordinary" right now and a lot of progress was made in bilateral ties during his maiden official visit to the country where America will be doing a lot of business.

Talking to reporters, after his return from India on Wednesday, Trump said, "He (Prime Minister Narendra Modi) is a great gentleman, a great leader. It's an incredible country."

President Trump visited India from February 24 to 25. He was accompanied by first lady Melania Trump, daughter Ivanka Trump, son-in-law Jared Kushner and the top brass of his administration, including national security advisor Robert O'Brien.

They visited Ahmedabad, Agra and New Delhi before leaving for Washington on Tuesday.

During his stay, he addressed a massive rally in Ahmedabad, visited Agra and held official meetings in New Delhi.

The US President was feted at the world's largest cricket stadium in the "Namaste Trump" event in Ahmedabad and was cheered by tens of thousands of people.

"We were treated very, very well and we really enjoyed it. A lot of tremendous progress was made in terms of relationship - our relationship with India is extraordinary right now," he said.

"We are going to be doing a lot of business with India, they are sending billions and billions of dollars now to the United States," Trump said in response to a question.

In a tweet, his daughter Ivanka said that, Trump announced that US international development finance corporation "will establish a permanent presence in India to strengthen our economic ties, improve development plus further women's economic empowerment through WGDP (Women's Global Development and Prosperity Initiative)!"

On her arrival from India, she thanked PM Modi for "your warm hospitality as we visited your beautiful country and celebrated the strength, spirit and unity of the US and India!"

"Throughout our visit we saw monumental achievements of human creativity and proof of the infinite capacity of the human heart!" she said.

The first lady tweeted two pictures of her with Trump facing the Taj Mahal in Agra.

"One of the Seven Wonders of the World, the breathtaking Taj Mahal!" she said.

President Trump "reaffirmed the strong strategic partnership, vibrant economic ties and expanding security relationship between our two countries. Wonderful trip, but glad to be home! Thank you India!" said White House press secretary Stephanie Grisham.

During the visit, India and the US on Tuesday finalised defence deals worth $3 billion under which 30 military helicopters will be procured from two American defence majors for Indian armed forces.

The deals will include procurement of 24 MH-60 Romeo helicopters by India from the US at a cost of $2.6 billion. Another contract to acquire six AH-64E Apache helicopters for $800 million from the US is also on the table.

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News Network
June 15,2020

Jun 15: Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery.

Brent crude futures fell 66 cents, or 1.7%, at $38.07 a barrel as of 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 81 cents, or 2.2%, to $35.45 a barrel.

Both benchmarks ended down about 8% last week, their first weekly declines since April, hit by the U.S. coronavirus concerns: More than 25,000 new cases were reported on Saturday alone as more states, including Florida and Texas, reported record new infection highs.

"Concerns about the recent uptick in COVID-19 infections in the U.S. and a potential 'second wave' are weighing on oil at the moment," said Stephen Innes, chief global market strategist at AxiCorp.

Meanwhile, an OPEC-led monitoring panel will meet on Thursday to discuss ongoing record production cuts to see whether countries have delivered their share of the reductions, but will not make any decision, according to five OPEC+ sources.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have been reducing supplies by 9.7 million barrels per day (bpd), about 10% of pre-pandemic demand, and agreed in early June to extend the cuts for a month until end-July.

Iraq, one of the laggards in complying with the curbs, agreed with its major oil companies to cut crude production further in June, Iraqi officials working at the fields told Reuters on Sunday.

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News Network
July 11,2020

Jul 11: UK’s Prince Charles, at the ongoing India Global week 2020, has praised India’s sustainable way of life, as he emphasised on sustainable development amid the ongoing coronavirus pandemic. Addressing the summit through a video link from London, Prince Charles said, “The country’s (India’s) diversity and resilience is a personal inspiration for him and much to teach all,” reported the All India Radio.

The three-day summit is getting held on a virtual platform from July 9 to July 11 due to the ongoing COVID-19 pandemic. Around 75 sessions on subjects such as geopolitics, business, emerging technologies, banking, finance, pharmaceuticals, defence and security, and arts and culture are getting held. The summit is expected to bring together over 250 speakers and more than 5,000 participants for incisive discussion and lively debate over the three days.

During his address, Prince Charles said India’s philosophies and values have emphasised a sustainable way of life and a harmonious relationship between humanity and nature, the AIR report said.

He also informed that he spoke to Prime Minister Narendra Modi about the importance of sustainable living.

In his address, he also spoke about the ancient yogic concept of ‘Aparigraha’. “It’s the time when the world learnt this ancient wisdom from India as it seeks revival amid the pandemic, he said as reported by the AIR news.

As the countries across the globe are reeling under the corornavirus pandemic, he emphasised on sustainable development to overcome the crisis. He said, “We have an unparalleled opportunity to put people and planet at the heart of global value creation and move to sustainable markets for long-term value, balancing natural, social, and physical capital.”

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