The Trump administration is preparing to tighten the six-decade trade embargo on Cuba on Monday, March 4, 2019 by allowing some lawsuits against foreign companies using properties confiscated by the Cuban government after its 1959 revolution, U.S. officials say. Major investors in Cuba include Spanish hoteliers Iberostar and Melia, who run dozens of hotels across the island. (Desmond Boylan, File/Associated Press)HAVANA — The Trump administration announced Monday that it is symbolically tightening the six-decade trade embargo on Cuba by allowing lawsuits against Cuban companies using properties confiscated after its 1959 revolution. The announcement limits lawsuits to a list of about 200 Cuban businesses and government agencies that are already subject to special U.S. sanctions because they are tied to the Cuban military and intelligence ministries. “It is not intended to affect European companies that are currently doing business in Cub,” the State Department official said.

Source: Washington Post March 04, 2019 14:52 UTC