US Eases Economic Restrictions, Boosts Cuban Small Businesses
TL;DR Summary
The Biden administration has eased some economic restrictions on Cuba, allowing private entrepreneurs and businesses to open U.S. bank accounts and access online banking. This move aims to support the Cuban people amid economic hardships and counter Cuba's outreach to Russia and China. The changes follow the lifting of Cuba's designation as a non-cooperative country on counterterrorism, although the broader economic embargo and state sponsor of terrorism designation remain.
Topics:nation#biden-administration#cuba#economic-sanctions#international-relations#private-sector#us-cuba-relations
- Biden administration eases some economic restrictions on Cuba The Washington Post
- US opens up banking to private Cuban businesses to boost small firms Al Jazeera English
- Cuban entrepreneurs will have access to U.S. banks Miami Herald
- US announces measures to give Cuban small business a boost Reuters Canada
- US gives Cuban private business owners access to US online payment systems CNN
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