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LatinNews Daily - 14 May 2021

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In brief: Big losses for Cuba’s agricultural sector

* Cuba’s agricultural ministry (Minag) has reported that the agricultural sector lost over US$330m between April and December 2020, blaming economic sanctions by the US and the economic turmoil resulting from the coronavirus (Covid-19) pandemic. Minag’s director of international affairs, Moraima Céspedes Morales, broke down the impact of sanctions on the agricultural sector as follows: US$194.4m in losses due to US prohibitions on the import of Cuban goods; US$52.9m in losses from transport costs (including an inability to use US shipping containers); US$3.9m in losses resulting from limited access to agricultural inputs; US$5.8m in losses due to restrictions on payments in US dollars; and US$73.2m in losses from the “technological blockade”, including denied access to US technology or products using US-patented components.