The Obama administration is putting a large dent in the U.S. embargo against Cuba as of Friday, significantly loosening restrictions on American trade and investment.
The new rules also open up the communist island to greater American travel and allow U.S. citizens to start bringing home small amounts of Cuban cigars after more than a half-century ban.
Thursday's announcement of new Treasury and Commerce Department regulations are the next step in President Barack Obama's ambitious goal of re-establishing diplomatic relations with the government of Cuban President Raul Castro, Fidel's younger brother. They come three days after U.S. officials confirmed the release of 53 political prisoners Cuba had promised to free. Read more...
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