U.S. Expands Cuba Sanctions, Targets Tourism, Paramilitary Groups
The measures target 10 entities, including fuel importers and a maritime firm, and could expose foreign banks and companies to penalties, officials said.
- On Monday, President Donald Trump's administration sanctioned Cuba's Ministry of Tourism and nine other state and paramilitary entities, targeting what The State Department called "the Cuban government's sources of financing and tools of oppression."
- Authorized under a May executive order, these sanctions target organizations Washington accuses of repressing opponents, with The State Department warning foreign companies that operating with GAESA-linked assets exposes them to potential U.S. penalties.
- The sanctioned list includes GECOMEX, GEMAR, and the Territorial Troops Militia; all property interests in the United States have been blocked by the Treasury Department's Office of Foreign Assets Control.
- International hotel chains including Spain's Meliá and Canada's Blue Diamond have already reduced operations at GAESA-linked hotels; economist Ricardo Torres of American University estimates tourism revenue could decline by more than 60% this year.
- These sanctions deepen Cuba's economic crisis as the island faces daily power outages; data from the National Office of Statistics and Information shows Cuba received 328,608 international visitors between January and April, down 55.8% from the prior year.
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By CNN en Español In a further escalation of its pressure campaign on Cuba, the United States government announced on Monday new sanctions against the tourism sector, a key area of the island's delicate economy on which the Castro authorities deposited much of the investments and hopes as The post With new sanctions, the U.S. points to the already hit tourism sector of Cuba appeared first on KVIA.
The United States on Monday imposed a new package of sanctions against Cuba, targeting state-owned companies, paramilitary groups and the Cuban Ministry of Tourism. The sanctions target pillars of the Cuban government and economic system.
The US State Department spoke of paramilitary organizations and entities that constitute "pillars" of the government in Cuba in the public and private sectors. The post US: Imposing new sanctions against Cuban entities - And the Ministry of Tourism appeared first on in.gr.
Cuba is in the worst economic crisis in decades. Now the US imposes new sanctions that continue to destabilise the Caribbean state. One of the country's important sources of revenue to date is affected.
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