Cuba has invited Cuban Americans and other exiles living abroad to invest in and own businesses on the island. The move signals flexibility for the Cuban government, which is struggling to revive its collapsed economy following a US-imposed oil blockade and sanctions. However, Cuban Deputy Prime Minister Oscar Perez-Oliva Fraga stated that there were no limitations on the investment and that it is removing impediments to US businesses and other foreign investors. The change comes as Cuba acknowledges it is in talks with the US and officials suggest that the US will seek an economic opening as part of any bilateral agreement.