Biden Says He Won't Reverse Restrictions on Remittances to Cuba

President Joe Biden said he has no immediate plans to reverse Trump-era sanctions on Cuba, including restrictions on sending remittances to the island, because the Cuban government likely would intercept the money. “I would not do that now because the fact is it’s highly likely that the regime would confiscate those remittances or big chunks of it,” Biden told reporters July 15. The Treasury's Office of Foreign Assets Control in October amended the Cuban Assets Control Regulations to further deny the Cuban government’s access to remittance-related funds (see 2010230024).