Obama Extends Cuba Embargo For 1 Year

Law360, New York (September 14, 2009, 5:43 PM EDT) -- President Barack Obama has extended for one year the U.S. trade embargo on Cuba under the Trading With the Enemy Act.

The White House announced the move in a memorandum to the U.S. secretaries of state and the Treasury released Monday, though it was dated Friday.

The extension was expected, in part because it's been standard practice for all U.S. presidents since the 1970s under the act, according to the Associated Press.

Though he extended the sanctions, Obama has recently pushed for renewed communications with old...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.