The Obama administration recently took steps to further ease economic sanctions on Cuba, allowing U.S. businesses to set up outposts on the island, according to Law360.com. The Obama administration’s latest round of sanctions also helps to expand financial and legal services that can be offered to Cuban nationals, among other changes.
The general ban on travel to Cuba is still in place, however travel restrictions have been lightened to allow for the sale of civil aviation and other safety equipment, as well as allowing for disaster relief in Cuba.
“A stronger, more open U.S.-Cuba relationship has the potential to create economic opportunities for both Americans and Cubans alike. By further easing these sanctions, the United States is helping to support the Cuban people in their effort to achieve the political and economic freedom necessary to build a democratic, prosperous and stable Cuba,” Treasury Secretary Jacob J. Lew said in a statement.
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