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ARTICLE · 05 OCTOBER 2015

The US Further Eases Cuban Sanctions

Clyde & Co
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On September 18, 2015, the US Departments of Treasury and Commerce announced further revisions to the Cuban Assets Control Regulations and the Export Administration Regulations consistent with the continued opening of diplomatic relations with Cuba by the Obama Administration.

United StatesInternational Law
Douglas Maag
Douglas Maag
Daniel Correll
Daniel Correll
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On September 18, 2015, the US Departments of Treasury and Commerce announced further revisions to the Cuban Assets Control Regulations and the Export Administration Regulations consistent with the continued opening of diplomatic relations with Cuba by the Obama Administration.

As Treasury Secretary Jacob J. Lew stated:

Today's announcement underscores the Administration's commitment to promote constructive change for the Cuban people.  These regulatory changes build on the revisions implemented earlier this year and will further ease sanctions related to travel, telecommunications and internet-based services, business operations in Cuba, and remittances.  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

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