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February 10, 2025
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Goodbye to dollars: Western Union closes in Cuba

western union

Miami.- The company Western Union He has indefinitely suspended remittances from the United States to Cuba, tras the sanctions imposed by the administration of Donald Trump to orbit sa., The Cuban state entity in charge of processing these transactions.

“Due to a change in US sanctions regulations

Western Union expressed his understanding about the importance of his services to meet the daily needs of many people in Cuba, but emphasized his obligation to comply with the laws and regulations of the countries in which he operates. So far, there is no schedule for the possible resumption of remittance shipments to the island.

This decision occurs after the United States Department of State, under the direction of Secretary of State Frame Cuban security. Among the entities added to this list is Orbit SA, responsible for processing remittances on behalf of the Cuban army.

Orbit SA, authorized by the Central Bank of Cuba in 2022 to manage remittances sent by various platforms, also handles the money that enters the country through other roads such as Vacubay Cubamax.

The suspension of remittances that came through Western Union joins a series of measures that seek to intensify the pressure on the Cuban regime. These actions are part of the Trump administration policy to restore a tougher position towards Cuba.

The reduction of these remittances, which regularly reach $ 3 billion a year, could not only increase economic difficulties on the island, but also cut a direct access to foreign currency that the Cuban dictatorship manages.

This Sunday, the Cuban regime criticized this Sunday to the White House for the measures that have led to the Western Union company to suspend the sending of remittances to the island through A statement of the Cuban Foreign Ministry (Minrex).

In order to hunt currencies, last week the Cuban authorities announcen the opening of half a hundred stores in dollars in several provinces of the country under a business network that includes several mixed companies.

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