• U.S. Economic Sanctions: United States Eases Elements of Cuban Embargo; New Regulations Issued by U.S. Treasury and Commerce Departments Implement Cuban Policy Changes Announced in December
  • March 27, 2015 | Authors: H. Rodgin Cohen; Elizabeth T. Davy; Mitchell S. Eitel; Jared M. Fishman; William I. Friedman
  • Law Firm: Sullivan & Cromwell LLP - New York Office
  • Effective January 16, 2015, the United States Department of Treasury’s Office of Foreign Assets Control (“OFAC”) and the United States Department of Commerce’s Bureau of Industry and Security (“BIS”) issued regulations revising the Cuban Assets Control Regulations (“CACR”) and the Export Administration Regulations (“EAR”), respectively, in order to implement U.S. policy changes towards Cuba announced by the Obama Administration on December 17, 2014.