Spanish hotel chain ceases operations in Cuba under pressure from Washington
- A Spanish hotel chain is to cease all operations in Cuba at the end of the week due to “major difficulties” in doing business on the island under growing pressure from Washington.
- The latest US sanctions make it “impossible, de facto and de jure, to maintain even minimal operational stability”, the Meliá group explained in a statement on Tuesday to the Spanish stock market regulator.
- The company said it would strive to ensure a smooth transition to reduce the impact as much as possible on staff, suppliers and clients.
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- A Spanish hotel chain is to cease all operations in Cuba at the end of the week due to “major difficulties” in doing business on the island under growing pressure from Washington.
- The latest US sanctions make it “impossible, de facto and de jure, to maintain even minimal operational stability”, the Meliá group explained in a statement on Tuesday to the Spanish stock market regulator.
- The company said it would strive to ensure a smooth transition to reduce the impact as much as possible on staff, suppliers and clients.
Sources: Guardian