Washington enforces new Cuba financial limits

The U.S. Treasury Department has revoked the license that allowed American banks to process dollar payments involving Cuba, provided both the source and destination of the payments are outside the United States and do not harm American interests. This move is part of new measures to tighten sanctions on the island. Additionally, it has revoked a previous authorization to open accounts in the name of a Cuban citizen working in the private sector, and imposed restrictions on certain travel categories and cultural exchange programs. These restrictions extend to entities linked to Cuban security agencies, thereby expanding sanctions that affect the Cuban economy and worsen the ongoing economic crisis there.

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