WASHINGTON, Dec. 22 (UPI) -- A resolution of claims for compensation regarding seized U.S. property is part of the anticipation of the announced normalization of U.S.-Cuban relations.
U.S. citizens and corporations have certified claims on assets confiscated by the Castro government during its seizure of foreign assets, beginning in 1959. They include factories, farms, power plants and other nationalized assets, as well as cash, jewelry and artwork taken from escaping foreigners. The claims total over $7 billion, and the claimants include Coca-Cola Co., Exxon Mobil Corp. and Office Depot.