U.S. Further Relaxes Cuba Sanctions

14 October 2015
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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.