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.