Biden administration eases some economic restrictions on Cuba
THE Biden administration amended And clarified A number of existing punishments against Cuba on Tuesday has allow private entrepreneurs And companies on THE island has open WE. bank accounts And to access online banking as part of It is effort "increase support For THE Cuban people" while avoid any of them assistance has THE government.
THE Actions follow up THE administration lifting of Cuba designation as A country that was not "fully cooperate » with THE United States on counterterrorism earlier This month, according to has senior administration civil servants WHO spoke on THE condition of anonymity below rules together by THE White House.
Lifting of THE designation And other relaxation of sanctions measures came as Cuba has seen THE the biggest Exodus In THE country history on THE pass three years. More that 500,000 migrants — roughly 5 percent of THE population — to have crossed In THE United States along THE from South border Since 2021.
AdvertisementIn see of What A administration official called THE "terrible straits » of Cuba economy, with growth shortages of fuel, electricity And food, "It is clear THE Communist experience In Cuba has failed And THE government East No longer able has provide For It is citizens' most basic needs In A country Or there are No free elections. »
By relaxing punishments, THE administration Also look for has stem recent sensitization by THE Cuban government has both Russia And China For economic And other help.
"We believe THE organic expansion of THE private sector And evolution of THE digital economy on THE island, directed by THE Cuban people themselves And not by any of them stranger government, East critical," A second official said.
From THE Communist government In Havana legalized THE creation of little And midsized private companies In 2021, THE Biden administration said, 11,000 private companies to have registered In Cuba, accounting For a third of all job there, In sectors Since tourism has agriculture has car repair.
AdvertisementTHE Biden administration amended And clarified A number of existing punishments against Cuba on Tuesday has allow private entrepreneurs And companies on THE island has open WE. bank accounts And to access online banking as part of It is effort "increase support For THE Cuban people" while avoid any of them assistance has THE government.
THE Actions follow up THE administration lifting of Cuba designation as A country that was not "fully cooperate » with THE United States on counterterrorism earlier This month, according to has senior administration civil servants WHO spoke on THE condition of anonymity below rules together by THE White House.
Lifting of THE designation And other relaxation of sanctions measures came as Cuba has seen THE the biggest Exodus In THE country history on THE pass three years. More that 500,000 migrants — roughly 5 percent of THE population — to have crossed In THE United States along THE from South border Since 2021.
AdvertisementIn see of What A administration official called THE "terrible straits » of Cuba economy, with growth shortages of fuel, electricity And food, "It is clear THE Communist experience In Cuba has failed And THE government East No longer able has provide For It is citizens' most basic needs In A country Or there are No free elections. »
By relaxing punishments, THE administration Also look for has stem recent sensitization by THE Cuban government has both Russia And China For economic And other help.
"We believe THE organic expansion of THE private sector And evolution of THE digital economy on THE island, directed by THE Cuban people themselves And not by any of them stranger government, East critical," A second official said.
From THE Communist government In Havana legalized THE creation of little And midsized private companies In 2021, THE Biden administration said, 11,000 private companies to have registered In Cuba, accounting For a third of all job there, In sectors Since tourism has agriculture has car repair.
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