New Sanctions Against Cuba: an Analysis

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On September 23 the President of the United States announced a new package of measures against Cuba during Hispanic Heritage Month when he met with Bay of Pigs veterans. The latest sanctions are intended to prevent U.S. travelers from staying in Cuban government hotels and import restrictions on Cuban rum and cigars. The Treasury Department’s Office of Foreign Assets Control amended the Cuban Assets Control Regulations to prohibit any U.S. person from staying in, paying for, or reserving accommodations in hotels designated by the Department as owned and controlled by the Cuban government, prohibited members of the Cuban Communist Party or their families. The list included 433 properties. The U.S. president described the measures as part of his administration’s “continuing struggle against communist oppression.” Not…




Unbiased reporting on economic news and business developments in Cuba by industry sector


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