The U.S. is lifting some financial restrictions on Cuba in a move designed to boost private businesses on the island.
FILE- This June 6, 2019, file photo shows the U.S. Treasury Department building at dusk in Washington. The United States has imposed new sanctions on hundreds of firms and people tied to Russias weapons development program, more than a dozen Chinese firms accused of helping Russia find workarounds to sanctions and individuals tied to the death of Russian dissident Alexey Navalny.
One of the key changes would allow Cuban private business owners to open bank accounts in the United States and then access them online once back in Cuba — something they couldn't do previously. The U.S. also is again allowing something called U-turn transactions, where money is transferred from one country to another but is routed through the United States.
About 11,000 private businesses in Cuba are responsible for roughly one-third of the island's employment, Cuban officials have said.
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