Updated
Updated · Fox News · Jun 23
Rubio Sanctions 5 Cuban Entities and 1 Castro Relative Under Trump Order
Updated
Updated · Fox News · Jun 23

Rubio Sanctions 5 Cuban Entities and 1 Castro Relative Under Trump Order

2 articles · Updated · Fox News · Jun 23

Summary

  • Marco Rubio on Tuesday imposed new sanctions on five Cuban entities and one member of the extended Castro family under President Donald Trump's May 1 executive order.
  • Three of the entities are tied to GAESA, which Rubio called the financial muscle of Cuba's repressive security apparatus, including two financial institutions and one logistics company.
  • Two other targets generate revenue from Cuba's mineral and metal reserves, including state-owned GeoMinera, broadening the measures beyond GAESA-linked operations.
  • Rubio also designated the wife of Alejandro Castro Espín, who had already been sanctioned, saying the targets fund, facilitate or benefit from the regime's activities in Cuba and across the hemisphere.

Insights

With military conglomerate GAESA controlling 80% of Cuba's economy, can new sanctions finally cripple the regime?
How will U.S. secondary sanctions on Cuba impact European and Canadian companies doing business there?
Will the 'maximum pressure' strategy on Cuba achieve political change or trigger a wider humanitarian crisis?