U.S. allows lawsuits against Cuban entities but shields foreign firms for now
The Trump administration said on Monday it would allow lawsuits by U.S. citizens against dozens of Cuban companies and other entities on Washington’s blacklist but will maintain, for now, a ban against suing foreign firms doing business on the communist-ruled island.
The move marked an intensification of U.S. pressure on Cuba and also appeared aimed at punishing Havana over its support for Venezuela’s socialist president, Nicolas Maduro. But it stopped short of the more severe step of targeting foreign investments in Cuba – though it left the door open to doing so in the future.
Lawsuits in U.S. courts against Cuban enterprises, many linked to military and intelligence services, will be permitted beginning on March 19. But Washington will keep in place until at least April 17 a ban on legal action against foreign firms using property confiscated by the Cuban government since the 1959 revolution, the State Department said.
Post by Sapphire Capital on Mar 7, 2019 4:32:22 GMT 4
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