June 23, 2026

U.S. Sanctions Five Cuban Entities Amid Economic Crisis

The U.S. imposed sanctions on five Cuban entities, including three linked to Grupo de Administración Empresarial S.A. (GAESA), which controls nearly 40% of Cuba's GDP.
Secretary of State Marco Rubio stated these sanctions aim to disrupt financial operations that support the Cuban regime's repression and divert resources from basic needs.
The sanctions could severely impact foreign investment in Cuba, as businesses risk U.S. penalties for dealing with the targeted entities.