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US further eases sanctions on Cuba

January 27th, 2016 - Posted by europeansanctions.com in Sanctions

Posted on January 27, 2016 by Michael O'Kane on europeansanctions.com 

The changes to restrictions on payments and financing, which lift a requirement to pay cash in advance or use financing from a third-country bank, do not ease those restrictions in relation to agricultural goods, given that these are imposed separately by the Trade Sanctions Reform and Export Enhancement Act 2000.

The full details of the changes are here, and OFAC's updated FAQ on US sanctions against Cuba is here.
This article first appeared on European Sanctions Law & Practice (http://europeansanctions.com/), a blog by Maya Lester (+44 20 7379 3550, maya.lester@brickcourt.co.uk), a barrister at Brick Court Chambers, and Michael O'Kane (+44 (0) 20 7822 7777 mokane@petersandpeters.com), head of Business Crime at Peters & Peters.

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