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European companies flee Cuba as US sanctions go into effect

Summary by Politico Europe
As of Friday, EU-based businesses operating on the island risk having their assets frozen or getting locked out of the US financial system.

9 Articles

Lean Right

Since Friday, foreign companies have been threatening tough US sanctions. Four hotel chains have announced to withdraw from the socialist island.

Lean Left

Because of the sanctions of the United States: the already tragic situation on the island will worsen even more

·Italy
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·Buenos Aires, Argentina
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The Indian chain MGM Muthu maintains its management of a hotel in Havana, while other international companies have closed their websites and reservations without warning The measure affects the accommodations belonging to Gaviota, a subsidiary of the military conglomerate Gaesa, sanctioned by the USA Meliá, Iberostar and some others stay with hotels in Cubanacan and Gran Caribe, state entities not affected by the new measures of Washington

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Hosteltur: Toda la información de turismo broke the news on Thursday, June 4, 2026.
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