May 9, 2026

U.S. Imposes New Sanctions on Cuba Targeting Military Conglomerate GAESA

The U.S. has sanctioned Grupo de Administración Empresarial S.A. (GAESA), a military-run conglomerate, impacting its operations and foreign partnerships.
Moa Nickel, a joint venture with Canada, announced its withdrawal from Cuba, ending a 32-year presence due to the sanctions.
Experts warn that the sanctions could lead to total economic isolation for Cuba, deterring foreign investment and exacerbating the island's economic crisis.