United States imposes new sanctions on Cuban military conglomerate GAESA amid escalating pressure

🌐 MercoPress (CU) —
United States imposes new sanctions on Cuban military conglomerate GAESA amid escalating pressure

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The U.S. has intensified its sanctions against the Cuban military conglomerate GAESA amid rising tensions with the Cuban government. This follows a new executive order that targets entities involved in political repression.

US Secretary of State Marco Rubio announced on Thursday a new package of sanctions against the Grupo de Administración Empresarial S.A. (GAESA), the conglomerate linked to the Cuban Armed Forces that controls approximately 40% of the island's economy, in a fresh escalation of the economic pressure deployed by the Trump administration against the Havana regime. The measure is part of the implementation of Executive Order 14404, signed by President Donald Trump on May 1, which authorizes sanctions against those responsible for political repression and threats to US national security.

World Politics Markets Cuba sanctions GAESA military

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