Changes in US Sanctions on Cuba Present Opportunities and Challenges

The Obama Administration’s recent loosening of trade restrictions on Cuba has the potential to open new opportunities for US businesses. However, there are several obstacles to be overcome before US companies may access Cuba’s economy and realize those opportunities:

- Cuban law currently restricts entrepreneurs from engaging directly with US suppliers

- US regulations still prohibit transactions with a significant number of Cuban government officials

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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