The Obama administration Jan. 26 further loosened restrictions on trade and travel with Cuba, including allowing U.S. banks to provide direct financing for any authorized exports other than agricultural commodities.
The new regulations, effective Jan. 27, are the latest step in a gradual process of thawing relations that President Barack Obama announced in late 2014.
“Just as the United States is doing its part to remove impediments that have been holding Cubans back, we urge the Cuban government to make it easier for its citizens to start businesses, engage in trade, and access information online,” National Security Council spokesman Ned ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.