(Source: Reed Smith LLP) Executive Summary This client alert addresses the recent amendments to the Cuba sanctions regime in the wake of President Obama's historic visit to Cuba. The recent changes represent the increasing efforts of the U.S. government to restore U.S.-Cuba diplomacy. The changes to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR) provide significant benefits in the travel, shipping, finance, humanitarian and educational sectors. In recent previous client alerts, we had summarized the developing approach in U.S.-Cuba relations of 2 February 2016, 21 September 2015, and 19 December 2014. Preceding President Obama's historic visit to...
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