Trump toughens sanctions against Cuba with asset freeze and entry ban to the US
President Donald Trump has tightened sanctions against Cuba with an executive order that includes asset freezes and entry restrictions to the US for those operating in key sectors of the island's economy.
TL;DR
- New US sanctions are directed at individuals and companies, both foreign and American, operating in Cuba's vital foreign exchange sectors.
- Key sectors targeted include energy, defense, mining, and financial services.
- Violators face total asset freezes in the US and suspension of entry into the country.
- Foreign banks facilitating significant transactions for sanctioned Cuban entities risk account closures on Wall Street or prohibition from operating in dollars.
- Cuban-American congress members Carlos A. Giménez and María Elvira Salazar praised the Trump administration's decisive action.