Grupo de Administración Empresarial S.A.
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US sanctions Cuban President Miguel Díaz-Canel as Trump adds pressure to island’s leadership
Thursday’s penalties, which follow Trump signing of an executive order expanding sanctions against the island, freeze individuals’ property and bank accounts in the US. The Trump administration on Thursday imposed sanctions on Cuban President Miguel Díaz-Canel, his wife and three other individuals in the latest move by Washington to pressure Havana's leadership. According to a statement signed by the US Secretary of State, Marco Rubio, those “designated today (Thursday) direct or fund the...
Trump administration imposes sanctions on Cuban president in latest pressure campaign
Trump administration imposes sanctions on Cuban president in latest pressure campaign These sanctions arrive as President Trump has been threatening military action against Cuba - Bookmark - CommentsGo to comments The United States on Thursday imposed sanctions on Cuban President Miguel Díaz-Canel, his wife, and three other individuals, marking the latest move by the Trump administration to intensify pressure on the island nation's leadership. Havana immediately condemned the action. Among...
European companies flee Cuba as US sanctions go into effect
European companies from Spanish hotels to German shipping lines are ending their Cuban operations as Washington on Friday moved to intensify its decades-old embargo, expanding its focus from the regime in Havana to EU business ties to the island. Among the hardest hit are Spain’s Meliá and Iberostar hotel groups. For decades, the lush resorts they operated on Cuba’s most idyllic beaches were the crown jewels of their global portfolios. But over the past few weeks, the hospitality...
Trump expands Cuba sanctions beyond US companies in major crackdown on foreign enablers
The Trump administration is rolling out what experts describe as the most significant expansion of U.S. sanctions on Cuba in decades. The administration is attempting what supporters say is the first broad application of Cuba-related secondary sanctions against foreign firms, aiming not only at Havana itself but also at foreign companies and banks that continue doing business with the island’s military-linked economic empire. The new framework, established under an executive order signed by...