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 efforts to attract more foreign investment and is also aimed at punishing Havana over its support for Venezuela's socialist president, Nicolas Maduro, who is facing a political and economic crisis, the sources said.
The State Department plans to allow Title III of the Helms-Burton Act to go into effect with a"partial waiver" to protect U.S. businesses and those of certain American allies, according to the sources, who were briefed on the matter. However, it could leave Russian and Chinese companies invested in Cuba at risk of U.S. litigation, they said.
A complete lifting of the ban could let billions of dollars in legal claims move forward in U.S. courts and likely antagonize Canada and U.S. European partners, whose companies have significant business holdings in Cuba.
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