U.S. Prepares Measures to Help Cuban Small Businesses

The Biden administration is preparing to unveil new regulatory measures to allow more U.S. financial support for small private businesses in Cuba, Reuters reported. The move, expected as soon as this week, is seen as a long-promised but limited step to ease restrictions to help Cuba's budding entrepreneurs cope with fallout from the Communist-ruled island's crippled economy. The announcement is aimed at making it easier for Americans to directly assist Cuban small business owners by providing guidelines for loans to them through the U.S. financial system. The new measures could be rolled out while Cuban President Miguel Diaz-Canel is visiting New York for the United Nations General Assembly beginning on Tuesday. There is no sign, however, that this move could be part of a more dramatic easing of U.S. sanctions and other restrictions on Cuba, beyond the modest steps that Biden has already taken since coming to office January 2021. Read more.