Investing.com — The Biden administration is anticipated to life the U.S. designation of Cuba as a state sponsor of terrorism on Tuesday, as reported by the Associated Press. The White House National Security Council officials have not commented on this issue.

The decision will likelt be reverse as soon as next week, following the assumption of office by President-elect Donald Trump and incoming Secretary of State-designate Marco Rubio. Rubio, whose family escaped from Cuba in the 1950s. Rubio has been a consistent advocate for sanctions on the communist island.

The current designation was reinstated on Jan. 11, 2021, during the closing days of Trump’s first administration. This move reversed the rapprochement between Cuba and the United States that occurred during President Barack Obama’s second term in office.

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