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floriparesort.com – 25 June 2026 | The United States has imposed new sanctions on Cuban state companies, a move that is expected to worsen the country’s severe economic crisis. The US sanctions 5 Cuban entities [titlebase], including three linked to Grupo de Administración Empresarial S.A. (GAESA), a business conglomerate run by Cuba‘s Revolutionary Armed Forces. GAESA is believed to control nearly 40% of Cuba’s gross domestic product and held $14.5 billion in liquid reserves as of early 2024.
US Secretary of State Marco Rubio announced the sanctions, stating that they target companies that are key to the island’s crumbling economy. Rubio accused the Cuban government of using GAESA to ‘steal the island’s few resources, diverting them for repression, anti-American subversion, and spying instead of schools, power plants, and basic necessities for the Cuban people.’ The US sanctions 5 Cuban entities [titlebase] are seen as a significant escalation of economic pressure on the Cuban government.
Cuba’s foreign affairs minister, Bruno Rodríguez, rejected the sanctions, calling Rubio ‘dishonest and mendacious.’ Rodríguez stated that the sanctions are a ‘crime’ and that Cuba has proven stronger and more capable in the face of US aggression. The US sanctions 5 Cuban entities [titlebase] have been met with criticism from Cuban officials, who argue that they will only harm the Cuban people.
The US sanctions 5 Cuban entities [titlebase] are part of a broader effort by the US government to pressure the Cuban government to reform. The sanctions are expected to spook foreign investors and deepen the economic crisis in Cuba. The US sanctions 5 Cuban entities [titlebase] have significant implications for the future of US-Cuba relations and the economy of the island nation.
In conclusion, the US sanctions 5 Cuban entities [titlebase] mark a new wave of economic pressure on the Cuban government. The sanctions are expected to have significant consequences for the Cuban economy and the US-Cuba relations. As the situation continues to unfold, it remains to be seen how the Cuban government will respond to the US sanctions 5 Cuban entities [titlebase].