politics
May 9, 2026
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.