USA Re-designates Cuba as State Sponsor of Terrorism
On 11th January, 2020, the US State Department re-designated Cuba as a "state sponsor of terrorism".
- Cuba has been blacklisted again for repeatedly providing support for acts of international terrorism as well as harboring US fugitives and Colombian rebel leaders.
- It was removed from the list in 2015 by then-President Barack Obama as he moved to normalize relations with the country.
Potential Impact
- Foreign investors will now risk US prosecution for transactions in Cuba.
- The reinstated sanctions also include major restrictions barring most travel between the US and Cuba.
- The sanctions also curb money transfers between the two countries, hitting hard the incomes of ....
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