US Tightens Sanctions on Cuba
- The United States tightened sanctions on Cuba by banning U.S. banks from opening or maintaining accounts for Cuban independent private-sector entrepreneurs.
- The Treasury Department banned “U-Turn” transactions, which had allowed U.S. banks to process certain Cuba-related payments originating and ending outside the United States.
- The new rules restrict some people-to-people educational travel, professional meetings, and academic activities, while trips organized by accredited institutions remain allowed.
- Cuban officials said the measures harm both public and private businesses as the country faces a severe economic and energy crisis.
95 Articles
95 Articles
Havana. “The U.S. Secretary of State repeated yesterday a list of lies with which he intends to justify collective punishment against our people, which rejected dozens of heads of delegations to the United Nations,” Cuba’s chancellor Bruno Rodríguez wrote in X. Hours later, Washington announced a new package of sanctions, including restrictions on financial operations linked to Havana, including for its private sector, and academic activities.
The sanctions package also reaches Cuban entrepreneurs and economic actors who had managed to open bank accounts abroad.
The United States has increased its sanctions against Cuba by imposing additional restrictions on certain financial transactions and flights of American citizens to the island.
The U.S. Treasury Overseas Assets Control Authority has announced that sanctions against Cuba have been tightened.
The US is already overhanging Cuba with sanctions and an oil blockade – but that's not enough for Washington
The U.S. administration imposed new restrictions on travel to Cuba, expanded the ban on certain financial transactions, and placed banking restrictions on Cuba's private sector.
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