U.S. Updates Cuba Sanctions and Export Regulations
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Key takeaways
- On January 16, 2015, the United States implemented measures to ease its ongoing embargo of Cuba.
- The changes expand the scope of permitted activities, including certain transactions related to travel and telecommunications.
- The changes also eliminate the requirement of government preapproval for certain activities that were previously licensable.
- The core trade embargo remains in place, and most transactions between persons subject to U.S. jurisdiction and nationals of Cuba remain prohibited.