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Saturday, February 27, 2021

Western Union Will Close Offices in Cuba after new US Sanctions

US-based money transfer giant Western Union will close its offices in Cuba after new economic sanctions imposed by the Trump administration against the Caribbean island, which prevent it from working with Fincimex, which is the financial firm run by the Cuban military.

US-based money transfer giant Western Union will close its offices in Cuba after new economic sanctions imposed by the Trump administration against the Caribbean island, which prevent it from working with Fincimex, which is the financial firm run by the Cuban military.

In a statement posted on Cuba’s Ministry of Foreign Affairs’ website on Thursday afternoon, Fincimex said that it will close its “407 agencies located throughout the country because of these brutal provisions.”

Fincimex also pointed out that the economic sanctions imposed by the Trump administration, which came “in the midst of the pandemic, underscore the cynicism, contempt for the Cuban people and opportunism of the US government.”

Western Union told CNN Business it hoped to “continue to provide essential money transfer services to customers” and that it was “working to adapt to new rules and regulations concerning Cuba,” adding that it would make an announcement on the matter next week.

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