The State Department has made several updates to the Cuba Restricted List, including adding five sub-entities owned by the Cuban military and one explanatory footnote. The Department also simplified some entries by removing references to parent companies. The changes take effect Tuesday, March 12, 2019.
The Cuba Restricted List contains entities and sub-entities controlled by the Cuban military, intelligence, and security services or personnel. In accordance with the June 2017 National Security Presidential Memorandum-5, “Strengthening the Policy of the United States Toward Cuba, the U.S. government generally prohibits direct financial transactions with listed entities and sub-entities because they would disproportionately benefit the Cuban military, intelligence, and security services or personnel at the expense of the Cuban people or private enterprise in Cuba. The Department will continue to update the list as needed. For more information on the regulations prohibiting direct financial transactions with entities and sub-entities on the Cuba Restricted List, please refer to the November 2017 regulatory amendments by the Departments of the Treasury (31 CFR part 515) and Commerce (15 CFR parts 730-774).
These additions to the Cuba Restricted List occur as the Cuban government further consolidated the regime’s one-party dictatorship through a flawed, undemocratic constitutional referendum on February 24. We also denounce Cuba’s role in propping the failed regime of former Venezuelan president, Nicolás Maduro. Cuban military and security forces have abetted Maduro in his quest to remain in power, contributing to the Venezuelan crisis, human rights abuses against Venezuelans, and to the untold suffering of the Venezuelan people.
Established in 1994, the U.S.-Cuba Trade and Economic Council provides an efficient and sustainable educational structure in which the United States business community may access accurate, consistent, and timely information and analysis on matters and issues of interest regarding United States-Republic of Cuba commercial, economic, and political relations.