Obama chips away at Cuba embargo, easing business and travel rules




 
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Obama chips away at Cuba embargo, easing business and travel rules
 
September 18th, 2015  
News Manager
 

Topic: Obama chips away at Cuba embargo, easing business and travel rules


Obama chips away at Cuba embargo, easing business and travel rules
By Susan Heavey and Matt Spetalnick WASHINGTON (Reuters) - The Obama administration announced wide-ranging new rules on Friday to ease trade, travel and investment restrictions with Cuba, the latest effort to chip away at the long-standing U.S. economic embargo amid a diplomatic thaw between the two former Cold War foes. The regulatory changes will allow certain U.S. companies to establish offices on Cuba for the first time in decades, expand banking activities and eliminate limits on the amount of money that can be taken to the Communist-ruled island, U.S. officials said. Washington touted the moves as a way to boost business and to support more economic and political freedom in Cuba.




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