USA Re-designates Cuba as State Sponsor of Terrorism

On 11th January, 2020, the US State Department re-designated Cuba as a "state sponsor of terrorism".

  • Cuba has been blacklisted again for repeatedly providing support for acts of international terrorism as well as harboring US fugitives and Colombian rebel leaders.
  • It was removed from the list in 2015 by then-President Barack Obama as he moved to normalize relations with the country.

Potential Impact

  • Foreign investors will now risk US prosecution for transactions in Cuba.
  • The reinstated sanctions also include major restrictions barring most travel between the US and Cuba.
  • The sanctions also curb money transfers between the two countries, hitting hard the incomes of ....
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