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 conglomerate controlled by Cuba’s Revolutionary Armed Forces. The sanctions aim to deter foreign investment and exacerbate Cuba’s economic crisis by targeting entities critical to the island’s logistics, imports, and financial systems.