Lately, US President Joe Biden introduced his administration’s new measures aimed on the Cuban personal sector. So, the feedback had been rapid, and among the many most well-known had been these of Senator Marco Rubio.
Rubio described as a “face” the sequence of modifications to the Cuban Belongings Management Rules issued by the US Division of the Treasury.
Then, he mentioned from the X social community that these actions are solely useful to the Cuban authorities. In keeping with the senator’s opinion, the personal sector of the island solely advantages the governors and because of this he expressed apparent concern.
It seems that even supposing these provisions are aimed toward selling financial independence and creating ties in Cuba, Rubio expects the alternative.
However what are these measures actually searching for?
In keeping with a federal doc, the provisions purpose to develop the coverage of the Biden administration to assist the Cuban individuals and MSMEs.
As well as, this choice repealing the Trump administration’s ruling that prohibited US banks from dealing with transactions associated to Cuba via third nations.
Then again, they’ve a motive to advertise web freedom on the island. This may be via varied actions reminiscent of licensing and growth of cloud-based providers. There are additionally set up providers, restore of telecommunications tools, export of software program and cell purposes of Cuban origin.
On the similar time, unbiased personal sector entrepreneurs in Cuba will be capable of open and use financial institution accounts in the US. So long as they’re self-employed, cooperatives and personal firms with as much as 100 staff.
In the course of this context, the Cuban authorities says that the laws are restricted. As well as, in keeping with Overseas Minister Bruno Rodríguez Parrilla, these measures don’t reverse the impression of the embargo on Cuban households.
The actual fact is that over time, the comfort of the US embargo has been a relentless request of the Cuban authorities.
Nonetheless, the opposite facet of the coin is the Cuban-American legislators, who rejected the modifications, accusing the federal government of Joe Biden.
