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Economic Sanctions Foreign Policy Cuba

Hogan Lovells

Presidential Memorandum emphasizes toughened US policy on Cuba

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The National Security Presidential Memorandum represents another component in the reestablishment of a more hardline approach to Cuba. Cuba Restricted List potentially to be expanded to include entities with which indirect...more

Orrick, Herrington & Sutcliffe LLP

Trump Administration Revokes Most Syria Sanctions, Strengthens Sanctions on Cuba

President Trump has ended the broad U.S. sanctions embargo on Syria, but sanctions against certain designated targets remain in place. As of July 1, 2025, Executive Order 14312: Rescinds the Treasury Department’s Office of...more

Hogan Lovells

U.S. State Department reinstates Cuba Restricted List

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The U.S. Department of State has formally republished the Cuba Restricted List, restoring prohibitions on direct financial transactions with numerous Cuban military, intelligence, and security-linked entities. This move...more

Akerman LLP

U.S.-Cuba Policy Whiplash

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The United States has enacted several volatile rounds of Cuba policy changes since the start of this year, as incoming Trump administration officials moved on January 20, 2025, to reverse measures enacted less than a week...more

Holland & Knight LLP

U.S. Announces Steps to Ease Cuba Sanctions

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Besides certain expansions on remittances in 2022, the White House, on Jan. 14, 2025, issued a statement announcing President Joe Biden's plans to relax sanctions on Cuba through a series of broad measures aimed at improving...more

A&O Shearman

Sanctions Round Up: First Quarter 2022

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The world’s response to Russia’s invasion of Ukraine dominated the first quarter of 2022, as the US and its international partners coordinated efforts to impose unprecedented sanctions designed to isolate the Russian...more

Akerman LLP

Cuba Policy Under Biden: Change on the Horizon?

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After four years of Trump Administration efforts to increase sanctions on Cuba and reverse Obama-era efforts to normalize bilateral ties, the Biden White House last Thursday announced its own plans to review Cuba policy and...more

Hogan Lovells

Cuban Assets Control Regulations amendments further restrict travel and trade

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The Cuban Assets Control Regulations have been amended to prohibit U.S. persons from lodging at certain properties in Cuba, incorporate restrictions on imports of Cuban alcohol and tobacco, and revoke general licenses...more

The Volkov Law Group

OFAC Settles with Generali Global Assistance, Inc. for $5.8 Million for Violations of Cuban Sanctions

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OFAC continues to chalk up enforcement actions.  For the year, even with the pandemic slow down, OFAC has reached 13 settlement agreements totaling $18.6 million in penalties....more

Cozen O'Connor

Up in Smoke: OFAC Further Erodes Obama-Era Cuba Rules

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On September 24, 2020, the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control Regulations (CACR) to further restrict U.S. engagement with Cuba in order to deny revenue to...more

The Volkov Law Group

Despite Pandemic, OFAC Settles with Animal Nutrition Company for $257k for Violations of Cuban Sanctions Program

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OFAC announced a $257k settlement with Biomin America, Inc. (“Biomin”), an animal nutrition company based in Overland, Kansas, to settle violations of the Cuban Sanctions Program....more

The Volkov Law Group

Travel Insurance Companies Hit with OFAC Enforcement Actions

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The Treasury Department’s Office of Foreign Asset Control (“OFAC”) continues to rack up settlements.  Two travel insurance companies recently settled OFAC enforcement actions for violations of the Cuban Embargo....more

Akin Gump Strauss Hauer & Feld LLP

Treasury Imposes Additional Restrictions on Remittances to Cuba and “U-Turn” Transactions

On September 9, 2019, the Trump administration implemented additional U.S. sanctions on Cuba by restricting personal remittances to Cuba and eliminating authorization for U.S. banks to process “U-turn” transactions involving...more

A&O Shearman

Sanctions Round Up: First Quarter 2019

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In this quarter, OFAC lifted sanctions on Rusal and other companies following divestment by Oleg Deripaska. Meanwhile, as Venezuela descends into economic and political crisis, the US targeted PdVSA and others to hasten...more

Jones Day

Trump Administration Imposes Further Sanctions on Venezuela, Nicaragua and Cuba; Opens Helms-Burton Act Floodgate

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The Situation: On April 17, 2019, the Trump Administration announced additional sanctions targeting the so-called "troika of tyranny" – Venezuela and its key regional allies, Nicaragua and Cuba. These sanctions notably...more

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden's 2019 Insights: Key Developments in US Sanctions

In 2018, the United States continued to expand its sanctions programs and increase enforcement. While President Donald Trump’s decision to re-impose nuclear-related sanctions on Iran has perhaps drawn the most attention, key...more

The Volkov Law Group

Sanctions Updates: Cuba, North Korea, Russia, Sudan, Venezuela

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Sanctions compliance is challenging because of the changing nature of sanctions regulations and individuals identified as Specially Designated Nationals. With each new administration, foreign policy priorities are usually...more

WilmerHale

The US Revises Commercial and Travel Sanctions Against Cuba

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On November 9, 2017, the US Departments of the Treasury and Commerce implemented President Trump's June 2017 National Security Presidential Memorandum (NSPM) that was designed to tighten restrictions on individual travel to...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

U.S. Restrictions on Travel to and Trade With Cuba Return

Effective November 9, 2017, new regulations took effect limiting U.S. travel and trade with Cuba. Decades ago, the United States imposed a commercial embargo on Cuba. The embargo existed in one form or another until 2015,...more

Hogan Lovells

Cuba update: Trump tightens travel authorizations and targets new restricted parties

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On 9 November 2017, the Trump Administration implemented new regulations to support its change to U.S. policy on Cuba. The U.S. Government has created a new Cuba Restricted List administered by the State Department. Through...more

Pillsbury - Global Trade & Sanctions Law

OFAC Updates FAQs on the Cuba Sanctions Program

On June 16, 2017, President Trump issued a National Security Presidential Memorandum on Strengthening the Policy of the United States Toward Cuba, which began the process to alter some aspects of U.S. policy toward Cuba. On...more

Fox Rothschild LLP

Trump Administration Tightens Cuba Sanctions

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On June 16, 2017, President Trump announced changes to United States’ Cuban sanctions regime which will stem the tide of liberalization that Obama Administration set in motion 2014. While the regulatory changes have not yet...more

A&O Shearman

Sanctions Round Up: First Half

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The first six months of the Trump Administration saw several notable developments for US sanctions, with particular implications for Russia and Iran. The Administration also declared a shift in US policy toward Cuba. ...more

Jones Day

President Trump Revises U.S. Policy on Cuba

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On June 16, 2017, President Trump announced revisions to U.S. policy toward engagement with Cuba and a limited rollback of certain sanctions relief provided by the Obama Administration....more

Latham & Watkins LLP

Cuba & Trump: What the Changes Mean

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On December 17, 2014, President Obama announced that the United States would “chart a new course” on its Cuba policy. Starting in January 2015, and for the next two years, the Treasury Department’s Office of Foreign Assets...more

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