US slaps new sanctions on Cuban companies key to island’s crumbling economy

The U.S. imposed new sanctions on five Cuban state companies, including those linked to Grupo de Administración Empresarial S.A. (GAESA), a major economic entity. The sanctions aim to deter foreign investment and exacerbate Cuba’s economic crisis, with targeted entities like Almacenes Universales S.A. (AUSA) and Rafin S.A. critical to the island’s logistics and financial systems.