Cuba’s effort to attract foreign investment might be hampered by US move

Cuba’s effort to attract foreign investment might be hampered by US move
Image Credit: Pixabay
  • Country:
  • Cuba
  • United States

The Trump administration is preparing to allow lawsuits in U.S. courts for the first time against some foreign companies doing business in communist-ruled Cuba using properties confiscated from Cuban Americans and other U.S. citizens, according to people familiar with the matter.

The move, which could be announced as early as Monday, could threaten Cuba's effort to attract more foreign investment and also appears aimed at punishing Havana over its support for Venezuela's socialist president Nicolas Maduro, who is facing a political and economic crisis.

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