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Latin Times
Latin Times
Politics
Pedro Camacho

U.S. Families Seek Compensation for Up To $9 Billion From Castro-Era Seizures amid Potential Opening Of Cuban Economy

Tourist pass by the U.S. Embassy in Havana (Credit: Reuters / ALEXANDRE MENEGHINI)

Nearly 6,000 U.S. individuals and companies are seeking compensation for Cuban property confiscated after Fidel Castro's 1959 revolution, with certified claims now estimated at about $9 billion including interest, according to U.S. government data and industry estimates collected by Bloomberg.

The issue has resurfaced as Washington intensifies pressure on Cuba and officials explore possible negotiations that could reshape relations between the two countries. Cuban President Miguel Díaz-Canel confirmed last week that his government has held talks with U.S. officials, describing them as early-stage discussions aimed at addressing longstanding tensions between the two countries.

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