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Trump Expands Cuba Sanctions, Targets Banks and Key Sectors

The order broadens penalties to foreign banks and companies, with officials saying it could cut off access to the U.S. financial system.

  • On Friday, May 1, 2026, President Donald Trump signed an executive order expanding economic and travel sanctions against individuals and entities tied to the Cuban government, citing threats to United States national security.
  • The directive builds on a national emergency declared on January 29, 2026, targeting what the administration describes as Cuba's "malign influence" and ongoing "policies, practices, and actions" threatening United States foreign policy.
  • Specifically targeting energy, defense, financial services, and mining sectors, the Treasury and State Departments may now freeze assets and block travel for those complicit in human rights abuses.
  • Because assets move instantaneously, the administration provided no prior notice to those targeted; the Treasury Secretary is authorized to sanction foreign financial institutions that facilitate transactions for blocked persons.
  • These measures aim to hold the Cuban regime accountable for supporting hostile actors, terrorism, and regional instability, extending consequences to adult family members of designated individuals.
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Gaesa is a FAR-controlled conglomerate that does not respond to any agency and has billions of dollars hidden abroad.

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The U.S. Treasury Department announced on Thursday the imposition of sanctions against a company controlled by the Cuban Army and its director, as well as against a mining company, in the context of the Trump administration's growing blockade and pressure against the island and its authorities. Those affected by these measures are the military conglomerate Grupo de Administración Empresarial S.A. (GAESA) and its administrator, Ania Guillermina L…

·Chile
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By Mauricio Torres, CNN en Español. The United States government took another step Thursday to increase pressure on Cuba by imposing new sanctions against the Business Administration Group (GAESA), a military-controlled consortium that oversees companies such as hotels, marinas, and other businesses. The measure was announced in a statement by U.S. Secretary of State Marco Rubio and follows the executive order issued by President Donald Trump on…

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Havana, Cuba’s vice-chancellor, Carlos Fernández de Cossío, said yesterday that the new economic sanctions imposed by the United States on Cuba, last Friday, reveal its objectives of domination through the economic blockade of the Caribbean nation, while U.S. President Donald Trump reiterated his threat to take Havana and dock the aircraft carrier Abraham Lincoln “a couple of hundreds of yards off the coast (Cuban)” upon his return from Iran.

·Mexico
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arcamax.com broke the news on Friday, May 1, 2026.
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