U.S. to partially lift Cuba sanctions (May 17, 2022)
latinamericadailybriefing.substack.com
The U.S. Biden administration announced a partial lifting of sanctions on Cuba yesterday. Changes will include restoring flights to Cuban cities other than Havana and reestablishing a family reunification program suspended for years. The changes also include relaxing the ban on remittances. A ban on non-family remittances will be eased to allow payment to independent Cuban entrepreneurs, and the Treasury Department has issued at least one license to allow direct equity investment in a private Cuban firm. The Cuban Family Reunification Parole Program, which has not taken new cases since 2016 and left 22,000 pending applications in limbo, will also be reinstated.
U.S. to partially lift Cuba sanctions (May 17, 2022)
U.S. to partially lift Cuba sanctions (May…
U.S. to partially lift Cuba sanctions (May 17, 2022)
The U.S. Biden administration announced a partial lifting of sanctions on Cuba yesterday. Changes will include restoring flights to Cuban cities other than Havana and reestablishing a family reunification program suspended for years. The changes also include relaxing the ban on remittances. A ban on non-family remittances will be eased to allow payment to independent Cuban entrepreneurs, and the Treasury Department has issued at least one license to allow direct equity investment in a private Cuban firm. The Cuban Family Reunification Parole Program, which has not taken new cases since 2016 and left 22,000 pending applications in limbo, will also be reinstated.