The rules will allow Cuban entrepreneurs to open bank accounts in the United States, making it easier for them to expand and encouraging other Cubans to start businesses.
Tag: Treasury Department
Carbon Offsets, a Much-Criticized Climate Tool, Get Federal Guidelines
The new principles aim to define ‘high-integrity’ offsets amid concerns that current practices often don’t cut greenhouse gas emissions as claimed.
White House Considers Easing Sanctions on Israeli Billionaire
A deal to allow the Israeli billionaire Dan Gertler to cash out his mining positions in the Democratic Republic of Congo has enraged human rights activists and some government officials.
U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.
Handling of Sex Abuse Inquiry Poses Test for World Bank’s Ajay Banga
The bank is facing scrutiny as it debates how to compensate victims of abuse at Kenyan schools that it was financing.
U.S. Imposes Major New Sanctions on Russia, Targeting Finance and Defense
The Biden administration, responding to the death of Aleksei A. Navalny, unveiled its largest sanctions package to date as the war in Ukraine enters its third year.
U.S. to Clamp Down on Financial Firms That Help Russia Buy Military Supplies
President Biden signed an executive order granting the Treasury Department broader powers to curb the flow of weapons components.
U.S. and Mexico Try to Promote Trade While Curbing Flow of Fentanyl
In her Mexico City visit, Treasury Secretary Janet L. Yellen sought to deepen economic ties while countering drug trafficking.
Janet Yellen, U.S. Treasury Secretary, Will Meet With Chinese Counterpart
The high-level meetings in San Francisco will lay the groundwork for talks between President Biden and China’s top leader, Xi Jinping.
U.S. Looks to Allay European Fears of a Subsidy War
Wally Adeyemo, the deputy Treasury secretary, argued in a speech in Germany that the Biden administration’s climate law is not protectionist.