politics
May 8, 2026
US Expands Sanctions Against Cuban State Companies
The US announced sanctions on Thursday against the Cuban military conglomerate Gaesa, its director, and the mining company Moa Nickel, a joint venture with Canadian Sherritt, as part of actions to strangle the island's economy amid threats by President Donald Trump to take control of the Caribbean country.
TL;DR
- The US has sanctioned the Cuban military conglomerate Gaesa and its director, Ania Lastres Morera.
- Sanctions were also imposed on Moa Nickel, a joint venture between Canadian Sherritt International and Cuban state-owned entities.
- These measures aim to cripple Cuba's economy and deprive the military of illicit assets.
- Sherritt International has suspended its direct participation in Cuban joint ventures.
- Gaesa is accused of controlling a substantial part of Cuba's economy for the benefit of corrupt elites.
- Moa Nickel is alleged to profit from assets previously expropriated from US individuals and corporations.
- The sanctions are part of an intensified pressure campaign by the Trump administration against Cuba.