More sanctions announced against Cuba

National Security Adviser John Bolton announced a slew of sanctions against Cuba, Venezuela and Nicaragua Wednesday.
6:37 | 04/17/19

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Transcript for More sanctions announced against Cuba
I was in Miami in November of last year I promise you that this administration would conduct the serious review. Terminating Helms Burton titled three waivers. Today following that serious review please stand before you and announced that president rob. As decided and the Helms Burton title three waivers once and for. Americans who have had their private in hard earned property stolen in Cuba will finally be allowed to sue. In addition for the first time in many years we will be taking clear action to implement. Title four accounts for. Anyone who traffic since property stolen from Americans. Will not be issued a visa to the United States they are not welcome here. Today we are also announcing five additions to the Cuba restricted list. Which prohibits direct financial transactions with entities tied to Cuba's military intelligence and security services. And personnel. These additions include aerogel Lyoto own body Cuban military among others. These actions should be a signal to all that working with the Cuban military and intelligence services will not be tolerated. We are also announcing that the Department of the Treasury will implement further regulatory changes to restrict. Non family travel to Cuba or in other. These new measures will help steer American dollars away from the Cuban regime or its military and security services who control the tourism industry in Cuba. Through the Treasury Department we will also implement. Changes to end the use of U turn transactions. Which allow the regime to circumvent sanctions and obtain access to hard currency and the US bank insist. I tell you the media in. That. In addition. We will also be announcing new limits on remittances to Cuba. Under the last administration's failed policies such limits were completely lifted. Under the assumption that capital inflows would benefit the Cuban people. If the situation for Cubans has in fact worsen and improved. We know that families in the United States want to help their loved ones in Cuba and we want Cubans to get the support they need and deserve. For this reason our new limits will be 1000 dollars per person per core. The Cuban people are forced to survive on a paltry living wage and we know that these remittances are critical to families. The United States is also cracking down on Cuba support from the Euro and his cronies in Venezuela. As we announced last week we've imposed sanctions on. Work company's vessels transported oil from Venezuela Cuba in recent months. This. This follows their action earlier this on the sanction 35 vessels and two companies involved in shipping subsidized oil. From Venezuela to Cuba the intention here obviously is to cut off the flow. Of that oil and I can tell you people and we announced sanctions people say what does that mean exactly I just tell unit yesterday. One of the ships that we designated the iron point. Was denied entry to the United States port of Houston for the first time. This afternoon I'm also pleased to announced new sanctions against the central bank of Venezuela. To restrict US transactions with this bank and prohibit its access to US dollars. The central bank of Venezuela has been crucial to keeping the Euro and power including through its. Hold the transfer of gold for currency. The United States use its economic tools to the maximum capacity. To constrict meant Euro and to ensure that his cronies no longer held for. What rightfully belongs to the people events whale. These steps against Venezuela's Central Bank should be a strong warning to all external actors. Including Russia. Against deploying. Military assets to Venezuela to prop up in the bureau regime. The United States will consider such provocative actions a threat to international peace and security in the region. The Nicaraguan people continue their tireless fight for liberty in the midst of Ortega regime violence repression and trampling. A freedom of speech and expression. In November president tribe issued an executive order targeting the Ortega regime and its supporters engaged in corruption. Human rights abuses dismantling of democratic institutions. And the exploitation. Of people and public resources. Specifically the United States issued sanctions against vice president Rosario Rios the ringleader repression in Nicaragua. Or close advisor. Today I'm pleased to announce that the United States will also sanctioned Bancorp the Ortega slush fund. This afternoon we're also announcing sanctions on Mariano Ortega. Who has been. Who has been growing this successor by the regime and is engaged in vast corruption. Under the guise of leading Nicaragua's invest an agency. That this is just the beginning. As long as the people of Cuba Venezuela and Nicaragua stand for freedom the United States will stand with them.

This transcript has been automatically generated and may not be 100% accurate.

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