Trump expands Cuba sanctions beyond US companies in major crackdown on foreign enablers
The Trump administration has announced a significant expansion of U.S. sanctions on Cuba, targeting foreign companies and banks linked to the island's military-controlled economy. This new framework aims to apply secondary sanctions for the first time, potentially affecting foreign firms that operate in key sectors associated with Cuba's GAESA conglomerate. Supporters argue this move closes loopholes that have allowed foreign investment to support the Cuban regime, while critics warn it may exacerbate the humanitarian crisis on the island.
- ▪The Trump administration's new sanctions extend beyond U.S. companies to foreign firms operating in Cuba.
- ▪The sanctions specifically target businesses linked to GAESA, which controls a significant portion of Cuba's economy.
- ▪Supporters claim the sanctions will close loopholes that have allowed foreign investors to support the Cuban regime.
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Cuba Trump expands Cuba sanctions beyond US companies in major crackdown on foreign enablers A Trump executive order threatens sanctions exposure for foreign firms operating in sectors linked to Cuba's GAESA conglomerate By Efrat Lachter Fox News Published June 3, 2026 3:39pm EDT Facebook Twitter Threads Flipboard Comments Print Email Add Fox News on Google close Video Trump’s new Cuba sanctions target foreign enablers of communist regime Former Treasury sanctions official Max Meizlish says the Trump administration is expanding "unprecedented" pressure beyond Cuba itself by threatening foreign banks and companies tied to the island’s military-linked economic empire.
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