The Latest: Spain offers Aid to firms Influenced by US suits

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The Latest on the Trump Government’s position on Cuba (all times local):

9:15 a.m.

Spain’s government spokeswoman says authorities will provide support to any Spanish firm affected by potential U.S. suits filed against foreign companies in Cuba.

Isabel Celaa said Wednesday”that the Spanish government will give its backing to Spanish businesses in Cuba.” She didn’t elaborate on what form the support might take.

Celaa told reporters after the Cabinet meeting Madrid knows the European Union plans to throw its weight against European firms having business interests outside the bloc.

The U.S. government is expected to announce after Wednesday that it will allow lawsuits against foreign companies doing business in lands seized from Americans following Cuba’s 1959 revolution.

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8:20 a.m.

Even the European Union is warning that it stands ready to look after the interests of European companies or people conducting business in Cuba who might be struck by any U.S. suits filed against overseas firms there.

The administration of president Donald Trump is expected to announce Wednesday that it will enable suits against companies doing business in properties seized from Americans following the 1959 revolution of Cuba.

European Commission spokesman Alexander Winterstein says that the EU”is ready to protect European interests, including European investments and the economic actions of EU entities and individuals within their relations with Cuba.”

Winterstein underlines the EU’s”strong opposition to the extraterritorial use of restrictive steps, that it considers contrary to international law.”

He’s declined to state what steps are being considered.

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7:40 a.m.

A senior officer in Madrid says the Spanish government is asking the European Union to struggle an U.S. movement to allow lawsuits against foreign firms operating in lands seized from Americans in post-revolution Cuba.

The move, announced Tuesday, breaks using just two decades of U.S. policy on the staircase.

Spain, which has big investments in hotels and other tourism-related businesses in Cuba, would ask the EU to question the conclusion in the World Trade Organization, a senior government official told The Associated Press.

The official requested anonymity because she was not allowed to discuss the issue. She added that Spain was committed to safeguarding its interests.

— By Aritz Parra

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12:05 a.m.

The Trump government is preparing to change a longstanding U.S. policy on Cuba.

The administration is expected to announce Wednesday that it will enable suits against foreign companies doing business in lands seized from Americans after Cuba’s 1959 revolution.

A law passed in 1996, the Helms-Burton Act, gives Americans the right to sue the largely European businesses which run from tobacco factories resorts, distilleries and also other possessions after Fidel Castro took power which Cuba nationalized. The act even allows lawsuits by Cubans who became U.S. citizens years after their possessions were taken.

But each U.S. president because Bill Clinton has suspended that the important clause to prevent trade clashes and a possible mass of suits which could prevent any future compensation with Cuba over nationalized possessions.



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