US strikes at the heart of the Cuban regime and companies begin to leave the country
Gaesa was already subject to US sanctions. But the new measures were applied under a decree signed last week by President Donald Trump
TL;DR
- US imposes new sanctions on key economic entities in Cuba.
- Sanctions target a joint venture with Canadian miner Sherritt, which is leaving Cuba.
- Gaesa, a military-run conglomerate, faces new sanctions under a Trump decree.
- Gaesa is estimated to control 40% of the Cuban economy.
- The US warns of further punitive measures against Cuba.
- Gaesa is accused of benefiting only the corrupt elite, not the Cuban people.