The Newest: New US Goes against Cuba, Venezuela, Nicaragua

2:10 p.m.

The Trump government is stepping up its crackdown Nicaragua, Cuba and Venezuela.

White House national security advisor John Bolton says there’s a brand new cap on the total amount of money that families in the United States will deliver to relatives in Cuba.

He announcing penalties which aim Cuba, in addition to outlining new motions from Nicaraguan President Daniel Ortega and President Nicolas Maduro.

And he is calling those states the”three stooges of socialism.”

Bolton is giving a speech in Florida on the anniversary of the United States’ 1961 Bay of Pigs invasion of Cuba, an effort.

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2:05 p.m.

The Trump government is currently announcing new limitations on the total amount of money that households in america can deliver to relatives in Cuba.

National security adviser John Bolton says the new limit is $1,000 per person, per cent. The Obama administration had lifted all limits on these remittances.

Cuba has a comprehensive social security system which provides education and free health care, but its market is struggling. The Cuban economy is determined by tourism, payments for Cuban physicians and other specialists who work in other nations and remittances from Cubans.

The State Department reports that remittances to Cuba from the United States accounted for $3 billion in 2016.

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2 p.m.

The United States says it’s restricting some travel.

John Bolton, the White House national security adviser, says that some trips to Cuba are depicted as tourism, however they are not really for sightseeing. He says that the new measures will help steer U.S. bucks away from the Cuban government, its army and its own security services.

Bolton says the U.S. Treasury Department also is finishing transactions that permit the Cuban government to circumvent sanctions and receive access hard money and the U.S. banking system.

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12:10 p.m.

Spain is currently simplifying the Trump government’s choice to open the door for lawsuits from foreign companies operating on properties Cuba captured from Americans after the 1959 revolution.

The government says Washington’s move damages relations between Europe and the USA and will cause lawsuits and counterclaims.

Spain asserts that the U.S. action runs counter to international law, also says European Union states are getting ready to combat it.

Companies are among Cuba’s chief foreign investors

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10:55 a.m.

The European Union and Canada are joining forces to secure their businesses after the U.S opened the door for lawsuits from foreign companies operating on properties Cuba seized from Americans.

EU foreign policy chief Federica Mogherini (feh-deh-REE’-kah moh-gehr-EE’-nee) and Canadian Foreign Minister Chrystia Freeland state the U.S. move”to renege on its own longstanding devotion” to prevent such legal actions”is laborious.”

Mogherini and Freeland say at a joint statement issued Wednesday they’re”determined to work together to look after the interests” of their own companies.

They warn that both EU and Canadian legislation allow counter-claims contrary to any U.S. lawsuits”therefore the U.S. choice to permit suits against foreign firms can only lead to an unnecessary spiral of legal actions.”

Secretary of State Mike Pompeo (pahm-PAY’-oh) claims that the U.S. won’t renew a pub on lawsuit in place for two decades. The decision is a blow to the attempts to draw on foreign exchange to the island of Havana.

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9:35 a.m.

The door for lawsuits is opening against foreign companies operating Cuba captured from Americans .

The decision will be a setback to Havana’s attempts to draw foreign investment into the island.

President Donald Trump is currently stepping up pressure to isolate embattled President Nicolas Maduro, who’s holding power with help from various other nations, including Russia, China and Cuba.

It allows lawsuits by Cubans who became U.S. citizens years after their possessions were taken.

Pompeo says,”Those citizens’ chances for justice have been put out of reach for two years.”

Stern remarks were prompted by word of the transfer from Europe and Canada, which have pledged to protect their companies from lawsuits.