In December 2013, Mexico passed Constitutional amendments to reopen its energy industry after decades of protectionism and stagnation.1 Ernst & Young estimated in 2014 that total investments in Mexico with objectives to increase production, to improve the midstream network, and to promote energy sustainability would cost between US$35 billion and US$100 billion over a…
Tag: Latin America
The Cuba Embargo and Financial Sanctions
Foreign financial institutions are reluctant to deal with the Cuban Government. The main issue at stake is the long running Cuban Embargo by the Government of the United States. In February 1962, President John F. Kennedy proclaimed an embargo on trade between the United States and Cuba, in response to certain actions taken by the…