Key takeaways

• Last month, U.S. authorities announced further relaxations and adjustments to the United States’ embargo of Cuba.
• Many of the changes eliminate barriers to types of transactions that were first authorized earlier this year.
• U.S. companies and their subsidiaries may now establish a physical presence in Cuba in support of most types of authorized transactions.
• U.S. trade with Cuba, and trade with Cuba by U.S. companies and their subsidiaries, remains prohibited outside certain narrow categories.