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US embargo cost Cuba over $100 bln: Havana diplomat

File photo of Abelardo Moreno, Cuba's Deputy Foreign Minister, pictured in Havana, on September 12, 2006Communist Cuba on Tuesday accused the United States’ economic embargo on Havana of costing it $116 billion in economic losses over five decades. “Through March (2014), the economic cost to the Cuban people of the US blockade has been $116.8 billion,” said Deputy Foreign Minister Abelardo Moreno. The Americas’ only Communist nation plans to introduce a resolution at the UN General Assembly this month seeking an end to the comprehensive US sanctions, Moreno said. The United States has had a full economic sanctions regime clamped on Havana since 1963.

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