US government further eases Cuba sanctions

US government further eases Cuba sanctions
Fred Imbert | @foimbert
CNBC.com

The U.S. Treasury and Commerce departments said on Friday they have
taken measures to further ease sanctions on Cuba as part of the
normalization of diplomatic relations.
The measures will take effect on Monday and will further facilitate
travel to the Caribbean country, expand telecommunications services,
allow "certain persons" to establish offices or other facilities, as
well as open and maintain bank accounts in Cuba, both agencies said in a
release.

"Today's announcement underscores the Administration's commitment to
promote constructive change for the Cuban people. These regulatory
changes build on the revisions implemented earlier this year and will
further ease sanctions related to travel, telecommunications and
internet-based services, business operations in Cuba, and remittances,"
Treasury Secretary Jack Lew said.
Once the new measures take effect, authorized vessels will be able to
travel nonstop to Cuba as well as establish businesses to provide
telecom and Internet-based services in the island.

They will also allow for Cuban-developed mobile apps to be imported to
the U.S.

"The regulations published today are designed to support the emerging
Cuban private sector and bring us one step closer to achieving President
Obama's historic policy goals," Commerce Secretary Penny Pritzker said.

The Obama administration first announced the start of the normalization
process in December.

Source: US government further eases Cuba sanctions -
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