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Cuba Removed from List of State Sponsors of Terrorism

Wednesday, June 03, 2015
Sandler, Travis & Rosenberg Trade Report

Effective May 29, President Obama has rescinded Cuba’s designation as a state sponsor of terrorism. Cuba was placed on the list in 1982, but a recent review concluded that Cuba has not provided any support for international terrorism during the past six months and has provided assurances that it will not support acts of international terrorism in the future.

Senior administration officials have said this step will likely have little practical effect on companies seeking to do business with Cuba. Removal from the list will lift specific measures, including a ban on defense exports and sales, certain controls on exports of dual-use items, and restrictions on economic and financial assistance. However, most transactions involving Cuba or Cuban nationals continue to be prohibited as a result of the United States’ comprehensive trade and arms embargo, which can only be removed by Congress.

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