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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The U.S.-imposed genocide on Cuba continues
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US Sanctions Cuba’s Tourism Ministry, Deepening an Economic Crisis
Cuba · Economy Key Facts —Sanctioned entity The US Treasury has formally designated Cuba’s Ministry of Tourism (MINTUR) under Executive Order 14404, blocking its US-linked assets and prohibiting transactions by US persons. —Sector exposure Because MINTUR is the largest player outside the military-run GAESA, the move effectively places virtually all hotel operations on the island […] The post US Sanctions Cuba’s Tourism Ministry, Deepening an Eco…
US Hits Cuba With New Sanctions Targeting Tourism, Trade, & Other Networks
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. The Trump administration has slapped Cuba with another round of sanctions amid an effort to tighten the screws on the island’s government as its economic and humanitarian crisis spir…
Learn about the new sanctions against Cuba confirmed by Marco Rubio and find out how they could affect migrants with business and business ties.
'Strangled to death': Lawmakers return from Cuba with a grim warning
As the Trump administration announced a new round of sanctions on Cuba’s tourism ministry, energy companies, and other entities on Monday, four Democratic members of Congress returned from a trip to the island and described how the oil blockade the US has imposed there for nearly six months “is prod...
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