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FACT SHEET ON U.S. CUBAN RELATIONS

buzzz worthy. . . ACT SHEET: United States-Cuba Relationship President Obama’s trip to Cuba marks a historic milestone in the normalization process between the United States and Cuba.  Since President Obama and Cuban President Raul Castro announced that the two countries would initiate a new era of relations 15 months ago , we have expanded cooperation across a range of areas for the benefit of the citizens of both the United States and Cuba.  We are advancing our shared interests and working together on complex issues that for too long defined – and divided – our relationship.  The President’s Cuba policy now allows us to more effectively improve the lives of the Cuban people, advance our interests and values, and build broader ties of cooperation across the Americas. Normalization will be a complex, long-term process and challenges remain, but President Obama believes that engagement offers a path toward success where isolation has failed fo...

Treasury and Commerce Announce Significant Amendments to the Cuba Sanctions Regulations Ahead of President Obama’s Historic Trip to Cuba

buzzz worthy. . .   Amendments Expand the Ability of Americans to Visit Cuba, Bolster Trade and Commercial Opportunities, and Reduce Barriers to Financial Transactions by Cuban Nationals   WASHINGTON – Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of Commerce’s Bureau of Industry and Security (BIS) announced significant amendments to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR).  These changes, coupled with the arrangement recently announced by the Departments of State and Transportation allowing scheduled air service between the United States and Cuba, will significantly increase the ability of U.S.  citizens to travel to Cuba to directly engage with the Cuban people.  Additionally, these regulations expand Cuba and Cuban nationals’ access to U.S. financial institutions and the U.S. dollar from Cuba, and will expand the ability for Cuba...