Samuel Farber in Jacobin:
On December 17, 2014, Washington and Havana agreed to a pathbreaking change in a relationship that, for more than fifty years, was characterized by the United States’ efforts to overthrow the Cuban government, including the sponsorship of invasions, naval blockades, economic sabotage, assassination attempts, and terrorist attacks.
The new accord set free the remaining three members of the “Cuban Five” group held in US prisons since 1998 and, in exchange, Cuba freed the American Alan Gross and Rolando Sarraf Trujillo, a previously unknown US intelligence agent imprisoned on the island for almost twenty years, in addition to over fifty Cuban political prisoners. Far more consequential are the resumption of official diplomatic relations and the significant relaxation of travel restrictions and remittances to Cuba.
The agreement covers the political normalization but not the full economic normalization of relations: that would require Congress repealing the Helms-Burton Act, signed into law by President Clinton in 1996.
More here. [Thanks to Corey Robin.]