The Primary Effects Of Rolling Back Cuba Sanctions Relief

Law360, New York (June 22, 2017, 12:31 PM EDT) -- On June 16, 2017, the president signed a new “National Security Presidential Memorandum on Strengthening the Policy of the United States Toward Cuba.” The presidential directive lays out the framework for rolling back certain Obama-era regulations that eased travel and trade restrictions between the United States and Cuba. The White House has released a fact sheet related to the presidential directive, and the Office of Foreign Assets Control has released a list of frequently asked questions.

Although the action has received extensive coverage, its impact is fairly limited and focused on (1) restricting travel to Cuba pursuant to “people-to-people” exchanges and...

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