US hits Cuba with new sanctions as island’s crises multiply
Washington also blocked Banco Exterior de Cuba and four companies tied to energy and nickel operations, saying the measures target the Castro financial network.
- On Thursday, the United States imposed sanctions on Fidel Ernesto Castro, 31, grandson of former Cuban President Raúl Castro, and five state-run entities including Banco Exterior de Cuba across banking, energy, and mining sectors.
- Washington's latest measures build on a broader blockade on Cuban oil access since early this year, which has exacerbated an already weak power grid, causing repeated nationwide blackouts and limiting healthcare access, fueling U.N. warnings of a humanitarian crisis.
- Besides Banco Exterior de Cuba, Washington sanctioned four companies—Comercial CUPET, Abapet, Cexni, and Nicarotec—linked to energy and mining, systematically restricting financial channels for state-run industries supporting Cuban leadership.
- "These designations reflect President Trump's unwavering vision for a free Cuba," Secretary of State Marco Rubio said, as the administration penalizes top officials' families and state-run industries to exert pressure on the established power structure.
- Cuban authorities proposed opening key economic sectors to private industry in late July to survive sanctions, though these reforms face significant hurdles as new U.S. restrictions further constrain state entities necessary for economic transition.
51 Articles
51 Articles
U.S. hits Cuba with new sanctions as island’s crises multiply
The sanctions aim to push Cuba’s critical machinery offline and exacerbate its energy crisis, said Brett Erickson, a sanctions expert and managing principal at Obsidian Risk Advisors, a consulting firm
U.S. Sanctions Raúl Castro Grandson and Cuban Financial, Energy Firms
Secretary of State Marco Rubio announced Sept. 3 that the United States is designating five entities and one individual tied to Cuba’s financial services, metals and mining, and energy sectors. The list includes Fidel Ernesto Castro Calis, a grandson of Raúl Castro; Banco Exterior de Cuba; and four entities that U.S. officials say exploit Cuba’s natural resources or energy reserves for the regime. Treasury’s Office of Foreign Assets Control adde…
US hits Cuba with new sanctions as island's crises multiply
The U.S government has hit Cuba with new sanctions in a fresh push to strangle the island’s economy and deepen its multiple crises.
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