April 16, 2019 / 5:01 PM / 7 months ago

Trump to allow U.S. lawsuits against foreign firms doing business in Cuba-official

WASHINGTON, April 16 (Reuters) - The Trump administration will allow lawsuits in U.S. courts for the first time against all foreign companies doing business in communist-ruled Cuba using properties confiscated from Cuban Americans and other U.S. citizens, a senior U.S. official said on Tuesday.

The move, which will be formally announced on Wednesday, could expose U.S., European and Canadian companies to legal action and deal a blow to Cuba’s efforts to attract more foreign investment.

President Donald Trump’s national security adviser John Bolton on Wednesday will also announce new sanctions on Cuba, Venezuela and Nicaragua, the official said, speaking on condition of anonymity. (Reporting by Matt Spetalnick Writing by Susan Heavey)

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