OFAC approves first capital investment since 1960 in Cuban private company

MIAMI, United States. – This Tuesday, May 10, the US Government ordered the Office of Foreign Assets Control (OFAC) to issue the first license that authorizes a US entity to invest capital in a registered private company and located in Cuba, according to reported CubaTrade.

So far, the name of the US entity benefiting from the OFAC license or its Cuban counterpart, owned by a citizen of the Island, has not been revealed.

However, Cuba Trade did specify that “no entity in the transaction is connected to the other in terms of family relationships.”

This Wednesday, CubaNet He asked OFAC for details about the license, but did not immediately receive a response.

According to Cuba Trade, the request was filed with OFAC on behalf of a client of attorney Robert L. Muse, whose office is in Washington DC It was received by the US entity, belonging to the Department of the Treasury, on June 10, 2021 and issued almost a year later, on May 10, 2022.

Who is Robert L. Muse?

Robert L. Muse is a lawyer based in the U.S. federal capital “with extensive experience in U.S. laws related to Cuba,” according to the statement. the lawyer’s website.

Attorney Robert L. Muse (Photo taken from his Linkedin profile)

Its clients include major corporations engaged in international trade and foreign direct investment. He has testified on legal matters involving Cuba before the US Senate Foreign Relations Committee, the Canadian House of Commons Standing Committee on Foreign Affairs and International Trade, and the European Parliament Committee on External Economic Relations. ”, among other instances.

Likewise, its website indicates that Muse has presented papers on the Helms-Burton Actof which is a critical, and other laws related to the US embargo against the Island regime.

After appearing the announcement of the license granted by the OFAC, the Cuban communicator Norges Rodríguez Almiñán, director of the site YuccaBytededicated a long twitter thread to inquire about Muse’s relations with the Cuban issue.

“So far the only information there is is that it is a client of Robert L. Muse and that said request was made on June 10, 2021 (one month before July 11),” he wrote.

However, he recalled that the president of the Foundation for Human Rights in Cuba, Juan Antonio Blanco, has previously drawn attention about “the intention of an opening with Cuban entities that proved to be ‘genuinely private’”.

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