The Biden administration announced Tuesday it will relax some economic sanctions against private business owners in Cuba.
by JACKSON WALKER | The National DeskPhoto of a Cuba n flag and photo of President Joe Biden delivering the Memorial Day address at the 156th National Memorial Day Observance in the Memorial Amphitheater at Arlington National Cemetery, in Arlington, Va., Monday, May 27, 2024. The Biden administration announced Tuesday it will relax some economic sanctions against Cuba , allowing private business owners to access U.S. banks and online payment systems .
State Department officials announced they will amend portions of the Cuban Assets Control Regulations, which controls relations between U.S. and Cuba, to allow access to some internet services for Cubans.
“These measures also will work in the United States interest, as providing this support for Cuba’s private sector will help to stem irregular migration from the island by creating more economic opportunity on the island," the official added.the move, saying “I congratulate the Biden administration for its commitment to civil society, and this economic engine that is helping transform the lives of millions of individual Cubans."However, Cuban American Rep. Maria Elvira Salazar, R-Fla.
“As I warned, the Biden Admin is now giving the ‘Cuban private sector’ access to the U.S. financial system,” Rep. Salazar
Biden Administration U.S. Banks Economic Sanctions Private Sector Online Payment Systems Cuban Assets Control Regulations Migration
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