Cuban Assets Control Regulations

Nov 2

Recent Shift in Cuba Policy May Allow the Release of Frozen Assets

On December 17, 2014, President Barak Obama announced a major policy shift towards Cuba that marked the beginning of the normalization of U.S.-Cuba relations. After five decades of stalemate, the changes have come quickly. In the last year, the U.S. has opened an embassy in Havana (July 20, 2015), eased restrictions on exports, remittances and