US removes Cuba from list of state sponsors of terrorism

On 15 April, the US President Barack Obama formally submitted to Congress a report and certificate setting out his administration’s intent to rescind the US’s designation of Cuba as a state sponsor of terrorism.

The next stage in the process is that the certificate and report is placed before Congress for 45 days.

This is a move which the Cuba Initiative has argued for a long time and we welcome the move as a positive step in the right direction although most of the restrictions on trade with Cuba will stay in place including we understand OFAC restrictions on third party financial transactions.

If you would like further information about doing business in Cuba, please contact or call +44 207 583 8739