The United States maintains a comprehensive economic embargo on the Republic of Cuba. In February 1962, President John F. Kennedy proclaimed an embargo on trade between the United States and Cuba, in response to certain actions taken by the Cuban Government, and directed the Departments of Commerce and the Treasury to implement the embargo, which remains in place today.
On March 16, 2016, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of Commerce’s Bureau of Industry and Security (BIS) published amendments to their respective regulations to further implement President Obama’s new direction on Cuba. For additional information, please visit the relevant links below.
Remarks and Releases