Further Sanctions on the Cuban Regime’s Revenue Generation Network
Marco Rubio, Secretary of State
Further Sanctions on the Cuban Regime’s Revenue Generation Network
Today, I am designating five Cuban entities generating revenue for the Cuban regime, including three associated with the previously designated Grupo de Administración Empresarial S.A. (GAESA), and one member of the extended Castro family pursuant to President Trump’s Executive Order (E.O.) 14404 of May 1, 2026, “Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Security and Foreign Policy.”
GAESA continues to operate as the financial muscle behind the Cuban regime’s repressive security apparatus. Two of the entities designated today are GAESA-linked financial institutions associated with moving money on the regime’s behalf, and one is a GAESA-linked logistics company that executes the regime’s bidding across the island. I am also designating two additional entities generating revenue for Cuba through the exploitation of the island’s mineral and metal reserves, including Cuba’s state-owned GeoMinera. Finally, I am designating the wife of Alejandro Castro Espín, who himself was previously designated pursuant to E.O. 14404. These entities and actors fund, facilitate, or benefit from the regime’s malign activities, both in Cuba and across our hemisphere.
The Department’s actions are being taken pursuant to E.O. 14404, which authorizes sweeping sanctions on Cuba, including against persons who support the Cuban regime’s security apparatus and those responsible for repression in Cuba and other threats to U.S. national security. These actions also further both E.O. 14380, “Addressing Threats to the United States by the Government of Cuba” and the National Security Presidential Memorandum 5 (NSPM-5), which direct the Executive Branch to improve human rights, encourage the rule of law, foster free markets and free enterprise, and promote democracy in Cuba. For more information on today’s action, please see the Department of State’s Fact Sheet.
from Collected Department Releases – United States Department of State https://ift.tt/041A3vd