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President Obama extended sanctions against the “castrist” hostile regime in Cuba.

United States President Barack H. Obama

U.S. President Barack Obama on Friday announced the extension of sanctions on Cuba under the Trading With the Enemy Act, a move aimed at continuing the economic, trade and financial blockade of the island, informed today the castrist news agency Prensa Latina.

The White House said in a press release that Obama sent a memo to Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner extending that legislation until September 14, 2011.

With that regulation, Washington reaffirms its stance that the Cuban government is still a threat to U.S. national security, and therefore forbids U.S. companies from doing business with Cuba.

The Trading With the Enemy Act, which dates back to 1917, prevents U.S. companies from trading with countries considered as hostile. READ MORE HERE