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US eases sanctions on Cuba for trade, travel and banking

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The US is rolling back decades of sanctions on Cuba starting on Friday opening up the Communist-ruled island to expanded travel, trade and financial activities.

“Today’s announcement takes us one step closer to replacing out-of-date policies that were not working and puts in place a policy that helps promote political and economic freedom for the Cuban people,” said U.S. Treasury Secretary Jacob Lew.

The package of rules issued by the US Treasury and Commerce Departments marks a swift move by …
READ MORE : http://www.euronews.com/2015/01/16/us-eases-sanctions-on-cuba-for-trade-travel-and-banking

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