President Obama has extended the U.S. trade embargo on Cuba for one year, the White House said in a statement released on Monday.The extension was expected and has been the practice of all U.S. presidents dating to the 1970s under a section of the so-called "Trading With the Enemy Act."
Obama extended the embargo even though he has made reaching out to old U.S. foes a key plank in his foreign policy.
There have been signs of a possible thaw in U.S.-Cuban ties since Raul Castro early last year took over as president from his brother, Fidel, who was in failing health and surrendered the leadership post he had held since heading the revolution that ousted the U.S.-backed Batista regime on Jan. 1, 1959.
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