• While Cuban Embargo Remains, Latest Round of Historic U.S. Changes Foster Increased Trade
  • October 26, 2016 | Authors: Kara M. Bombach; Cyril T. Brennan; Yosbel A. Ibarra
  • Law Firms: Greenberg Traurig, LLP - Washington Office; Greenberg Traurig, LLP - Miami Office
  • While the nearly comprehensive U.S. embargo on trade with Cuba remains and will require an act of Congress to be eliminated, the U.S. government has issued another round of measures further easing the U.S. sanctions and export control restrictions against Cuba. Effective Oct. 17, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) measures support expanded trade between the countries.