US escalates economic campaign against Cuba and targets China-based suppliers
The Treasury also widened sanctions to Cuban industries and foreign suppliers, targeting eight entities and two individuals accused of supporting military and repression networks.
- The Trump Administration sanctioned 10 individuals and entities alongside five crude oil tankers on Thursday to disrupt financial pipelines sustaining Cuba's military leadership under Executive Order 14404.
- Secretary of State Marco Rubio targeted GAESA, the military-run conglomerate dominating roughly half the Cuban economy, after investigators linked GAESA official Guillermo Faustino Rodriguez Lopez Calleja to offshore outfits moving vital crude shipments in and out of Havana.
- Treasury Department broadened sanctions to include China-based equipment dealers and Any Rodriguez Lastres, daughter of GAESA President Ania Guillermina Lastres Morera, freezing assets while warning international firms against dealings with the blacklisted network.
- Ordinary Cubans continue enduring routine electrical blackouts and bare grocery shelves as the economy remains in freefall, while international firms dealing with the blacklisted network face exclusion from the global dollar system.
- The Trump Administration framed the penalties as a domestic security matter, stating "The Trump Administration will not stand by while the Cuban regime funnels the island's resources to its military elite," while accusing The Marxist regime of enabling foreign anti-American actors.
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US Sanctions Chinese Military Suppliers and Cuban Oil Network in Expanded Crackdown on Havana
The Trump administration imposed sanctions on two Chinese defense suppliers, Cuban state enterprises and an oil-shipping network while expanding its authority to target four sectors ... The post US Sanctions Chinese Military Suppliers and Cuban Oil Network in Expanded Crackdown on Havana first appeared on [your]NEWS.
These sanctions are part of a broader effort by Trump and his allies to force a change of government in Havana
On Thursday, the United States imposed a new series of Cuban sanctions, targeting the electronic sector and the daughter of the president of the economic-military conglomerate Gaesa, reports AFP.
On Thursday, the United States imposed a new series of Cuban sanctions, targeting the electronic sector and the daughter of the president of the economic-military conglomerate Gaesa, reports AFP.
Two Chinese electronic companies are on the list of sanctioned entities, as is the daughter of the president of conglomerate Gaesa.
Today, Thursday, the United States announced the imposition of a new package of sanctions against Cuba, targeting a crude oil shipping network and associated individuals and entities, in a step that coincides with procedures for the imposition of additional restrictions on Cuban economic sectors, including electronics, manufacturing, shipping and technology.
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