Trump administration announces new restrictions on sending money to family members in Cuba

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News > World > Americas > US politics Donald Trump announces new Cuba restrictions: ‘We will not be silenced in the face of communist oppression’ The President calls Barack Obama’s policy toward.

In April, the Trump Administration imposed then-new restrictions limiting non-family travel to the island.That set of restrictions also came with a limit on the amount of money Cuban-Americans can.

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Trump administration’s Cuba restrictions seen as drag on its economy "Foreign investors are going to think twice," one expert said. "And this is fundamental for the Cuban economy."

 · WASHINGTON – The Trump administration has unveiled new restrictions limiting the amount of money Cuban Americans can send to relatives.

 · OFAC Amends Cuba Sanctions Regulations to Remove “U-. are the latest step in a partial rollback by the Trump administration of the significant easing in Cuba sanctions that occurred under the Obama administration. In particular, the current policy appears. of the remitter, to impose the following new restrictions:

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 · Bolton announced a new cap on the amount of money that families in the United States can send their relatives in Cuba. The Obama administration had lifted limits on remittances, but the new limit will be $1,000 per person per quarter. Remittances to Cuba from the United States amounted to $3 billion in 2016, according to the State Department.

The Trump administration. The administration is also reimposing limits on the amounts of money that Cuban Americans can send to relatives on the island, as well as the frequency of transactions,

Bolton announced a new cap on the amount of money that families in the United States can send their relatives in Cuba. The Obama administration had lifted limits on remittances, but the new limit will be $1,000 per person per quarter. Remittances to Cuba from the United States amounted to $3 billion in 2016, according to the State Department.

Trump admin announces new restrictions on travel to Cuba By Chris Mills Rodrigo – 04/17/19 02:52 PM EDT The Trump administration is imposing new restrictions on travel to Cuba, national security.

The Trump administration is moving to further toughen sanctions against Cuba by reducing the amount of money that Cuban-Americans can send to family members on the island. Changes announced.

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