<img src = "https://media.npr.org/assets/img/2019/03/04/ap_19060151973020_sq-194ac4762580793852e03623955d4f1d1a9c0c4c-s100-c15.jpg" data-original = "https: //media.npr .org / assets / img / 2019/03/04 / ap_19060151973020_sq-194ac4762580793852e03623955d4f1d1a9c0c4c-s100.jpg "class =" img lazyOnLoad "alt =" Pompeo announces tightening of Cuba embargo  Bolton said the US would impose restrictions on "not family "travel to reduce the amount of money Americans spend on tourism in the country, an industry that Bolton said is governed by the regime.
Tourism is a structural factor in Cuba's economy, and a rush of visitors hit the island When President Obama made it easier for US citizens to make the trip, however, the industry has seen a decline since President Trump joined and rolled back several policies in the Obama era.
Bolton also announced a $ 1,000 cash transfer to Cuba Person per quarter Obama administration had fj the money transfer borders, and the state department says money transfers to Cuba from the US amounted to $ 3 billion in 2016, The Associated Press reports.
One participant in the speech told the AP that he believes the measures announced by Bolton will bring back the reign of Cuban President Miguel Díaz-Canel.
"Today is a great day," said Rafael UsaTorres, who was a member of the Brigade 2506 who worked for the CIA during the failed invasion of pigs from 1961. "But I feel very sorry – for many years waiting . "
Fernando Cutz, who helped shape Latin America's policy on the National Security Council of both Trump and the Obama administrations, says they Policies announced on Wednesday are likely to bring hardship to Cuba, but not regime change.
"What we are driving the Cuban people against is a darker day where there will be less economic opportunity that will be less a middle class and essentially just very hard times to come for the people of Cuba", he told NPRs Carrie Kahn.
As NPR's David Welna reports, renunciation of Title III opens the door to hundreds of thousands of lawsuits seeking billions of dollars from Cuba. According to Robert Muse, a Washington lawyer with expertise in Cuban expropriation, the decision is likely to trigger a flood of lawsuits against the Cuban government.
"It puts almost all commercial companies on that island at this time and is subject to trial," said Muse to Welna.
<img src = "https://media.npr.org/assets/img/2018/03/02/gettyimages-849130186_sq-d1275440ee6cb54b13046149a892952963d19e84-s100-c15.jpg" data-original = "https: // media .npr.org / assets / img / 2018/03/02 / gettyimages-849130186_sq-d1275440ee6cb54b13046149a892952963d19e84-s100.jpg "class =" img lazyOnLoad "alt =" Pompeo called the move a "chance of justice" for Cuban Americans and called on everyone who did business in Cuba to investigate whether they were "increasing" the regime.
The Prime Minister's permanent staff reductions for the embassy in Cuba “/>
] "Those who do business in Cuba should fully investigate whether they are associated with property stolen for service for a failed communist experiment, "he said.
" No one is going to take us away, neither by compliance or by force, "Cuba's Díaz-Canel replied on Twitter . "… We Cubans do not surrender."
In a joint statement, the European Union and Canada called the Trump Administration's decision on Title III "regrettably "and said it would have" an important impact on legitimate EU and Canadian traders in Cuba. "
With regard to Venezuela, Bolton said that the state central bank had been decisive for Maduro's continuing rule, and that the sanctions imposed upon it "should be a strong warning to all external actors, including Russia, against deploying military assets to Venezuela for to build the Maduro regime. " The sanctions do not bear humanitarian or private money transfers, the AP reports.
And he announced sanctions on Nicaraguan's BanCorp, which the US Department of Treasury said Wednesday has financially supported President Daniel Ortega and played a role "in corruption and money laundering for the Ortega regime's personal gain."