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ARTICLE · 17 JANUARY 2015

United States Eases Cuban Embargo

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Today, the Obama Administration published regulatory changes, effective immediately, that will significantly ease the US embargo against Cuba, which has been in place since 1963.

United StatesInternational Law
Ronald Meltzer
Ronald Meltzer
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Today, the Obama Administration published regulatory changes, effective immediately, that will significantly ease the US embargo against Cuba, which has been in place since 1963. These changes give effect to the Obama Administration's new policy towards Cuba that was announced on December 17, 2014 to normalize US-Cuba relations. 
 
The changes will create economic opportunities in Cuba for a wide range of industries, including travel and carrier services, insurance, telecommunications and consumer communications, financial services, agriculture, media, construction, shipping, and many others. For potential business opportunities not covered by the new general authorizations, licensing agencies will likely review more favorably specific license applications.  

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