Below are edited transcript highlights of the interview with Michael Krinsky who represents the Cuban government in the US.
Go to the link below to hear the interview in full.
"Weíre joined today by attorney Michael Krinsky, a partner in the famous law firm of Rabinowitz, Boudin, Standard, Krinsky & Lieberman. This the firm that almost has been from the beginning representing the government of Cuba.
"We speak with Michael about the dramatic reversal of policy and the recognition by the United States of the Cuban government and the eventual establishment of joint embassies.
"We also speak about the returning to Cuba of the three remaining anti-terrorist Cuban fighters who have been in American prisons for 16 years. Three men of the Cuban Five. That, plus we discuss the changing of the commercial relationships between the United States and Cuba.
"Attorney Michael Kinsky:
"It was an extraordinary moment. Word got around that Raul Castro was going to talk to the Cuban people on television at Noon, so everyone ran to find a television, including me.
"I think many people expected Obama to take some minor measures to test the waters perhaps to get things moving.
Most people were quite surprised about the tone of his speech and what he said.
"I happen to be at a conference of US and Cuban scholars, which were talking about US-Cuban relations, thatís where I saw President Castroís speech. The first thing he said of course was the cuban heroes. The 3 of the remaining Cuban Five and the place broke into pandemonium. People jumped up literally hugging each other. People were crying, then they quieted down and they listened to the next thing.
"And then when he said President Obama and I have agreed to reestablish normal diplomatic relations. There was silence. Then people half a second later absorbed and again there was a tremendous commotion.
"People felt a sense of triumph. After 55 years of holding despite the Bay of Pigs, despite the economic blockade, despite the special period when the trade with the Soviet Union collapsed, they had held on. In the end, someone put it, the United States came to us.
"You could see it in the streets, you could see it in the restaurants, you could see it in the offices. People were happy.
They were literally smiling for days afterward.
"The embargo has been in effect for 54 years. Itís as comprehensive an embargo as this country has ever imposed, as any country has every imposed against any country.
"Itís not simply the US saying we the United States wonít trade with Cuba. A major part of it is extra-territorial reach. The effort for Cuba to make trade with third countries difficult and impossible.
"They canít get US parts for their equipment.
"They canít use US dollars for international transactions, which is the currency of international trade.
"Shipping to Cuba is made extremely difficult because of the US law that says if a ship goes to Cuba it canít come to the United States for six months.
"Everyone in Cuba lives on a daily basis what they rightfully call a blockade.
"A blockade implies an effort to interrupt, disrupt trade between Cuba and a third country.
"There is nothing there about Cuban products being sold in the United States. Itís all one way.
"Cubans have developed a lot of innovative medical products that doctors are very excited about.
"There was nothing in the announcements about regular airplane service between the two countries.
"(Michael Ratner: The president has the authority to license almost everything, every economic transaction with Cuba at this point)?
"Right export, import, financial transactions, loans, credits, investments, all of these things are within the presidentís licensing authority.
"The United States did not want a left wing socialist revolution to succeed in the Americas.
"The theme publicly and internally in the US government, until about 1991, 1992 and then there was a shift. Then for the first time, the United States publicly started talking about the goal of US policy including the blockade was to change the internal character of the Cuban system. The Cuban government.
"Civil liberties, free elections, free speech Ė those became for the first time the articulated goals of US policy.
"Guantanamo Bay used to be a Naval Station for coaling, ships operated on coal then. There was a 99 year lease between a captive Cuban government and the United States.
"Iím trying to find the right balance between a great deal of enthusiasm and not necessarily skepticism, but caution.
"It was nice to see the State Department make reference to this, the United States has claims for the nationalization the properties of its companies in Cuba in the early days. Cuba has articulated it has much greater claims against the United States for the blockade and for acts of economic sabotage which have died actually over the years. There are claims on both sides that have been articulated in the past."
Guest Ė Attorney Michael Krinsky, has been practicing law for forty-five years. For three decades, he has led the Firmís representation of Cuba and other foreign governments, and their agencies and enterprises, as well as the Firmís practice in the area of U.S. embargoes and export controls. Mr. Krinsky graduated from the University of Chicagoís College in 1965 and its Law School in 1968. After working with the American Civil Liberties Union in Newark, New Jersey, he joined the Firm in 1971.