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  5. U.S. Imposes Sanctions on Cuban Companies Critical to Island's Economy

U.S. Imposes Sanctions on Cuban Companies Critical to Island's Economy

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U.S. Secretary of State Marco Rubio announced sanctions on five Cuban entities, including GAESA, which controls roughly 40 % of Cuba’s GDP and holds $14.5 billion in liquid reserves.

  1. CU
    Bruno Rodríguez Parrilla
    Cuban Foreign Ministry
    1. The US government, led by its dishonest and mendacious Secretary of State (Marco Rubio), continues to take steps to tighten the noose around Cuba's economy.
    2. What this individual is promoting from the world's greatest power is a crime.
    3. Cuba has proven stronger, more capable, and more effective than he anticipated in the face of the ruthless aggression and collective punishment inflicted upon its people and their living conditions.
  2. US
    Marco Rubio
    Republican Party
    1. The situation in Cuba is devolving as the island's corrupt, brutal and anti-American Communist regime continues to prioritize its own total control over the freedom, opportunity and basic well-being of the Cuban people.
  3. CU
    Ernesto Soberon Guzman
    Cuban Embassy
    1. No government, no rational person — and certainly not the people of Cuba who suffer from the economic impact of the US economic war — can believe that the intensification of the blockade, the energy siege, and the rest of the most recent sanctions are aimed at supporting the Cuban people.
  4. US
    Max Meizlish
    Foundation for Defense of Democracies
    1. The US administration is going to continue applying pressure on the regime until the regime is a different beast entirely.
  5. US
    Michael Bustamante
    University of Miami
    1. Is this setting the table for the great sale of Cuba state assets to the highest bidder or the lowest bidder?...Is this part of the recipe of a hostile takeover?
    2. It's very, very hard to suss out what's going on here.
    3. If you don't have a bank where you can go as a foreign investor, it makes your operations logistically quite difficult, to put it mildly.
    4. That would also seemingly throw more cold water on the foreign investors that are already there.
    5. For most of these companies, it's a bridge too far.
    6. By designating specific entities, they're making it clear to foreign investors: 'If your business in Cuba touches any of these folks, you risk being banned,'

sources

  1. 1.The Times of India
  2. 2.Golf News
  3. 3.CGTN
  4. 4.PBS News
  5. 5.The Straits Times
  6. 6.Arab News
  7. 7.The Korea Herald
  8. 8.Los Angeles Times

perspectives

  1. 1.US Foreign Policy
  2. 2.Authoritarianism
  3. 3.Espionage
  4. 4.Argentina under Javier Milei
  5. 5.Cuba under Miguel Díaz-Canel

countries

  1. 1.CubaCU
  2. 2.United StatesUS
  3. 3.Puerto RicoPR

organizations

  1. 1.Almacenes Universales SA
  2. 2.Grupo de Administración Empresarial S.A.
  3. 3.Rafin SA
  4. 4.Banco Financiero Internacional SA
  5. 5.Empresa Siderúrgica Jose Martí
  6. 6.Geominera SA
  7. 7.US State Department
  8. 8.University of Miami
  9. 9.BFI London
  10. 10.US Treasury Department
  11. 11.Exxon Mobil
  12. 12.Republican Party

persons

  1. 1.Marco RubioUS
  2. 2.Raúl Guillermo Rodríguez CastroCU
  3. 3.Annalie Lilliam Rueda Cardero
  4. 4.Donald TrumpUS
  5. 5.Bruno Rodríguez ParrillaCU
  6. 6.Michael BustamanteUS
  7. 7.Miguel Díaz-Canel BermúdezCU
  8. 8.Alejandro Castro Espín
  9. 9.John F Kennedy
  10. 10.Ernesto Soberon GuzmanCU
  11. 11.Fidel Castro
  12. 12.Maria Elvira SalazarUS

technicals

  1. 1.Communism
U.S. Imposes Sanctions on Cuban Companies Critical to Island's Economy