US slaps new sanctions on Cuba

The US hit Cuban state companies Tuesday with new sanctions that analysts say are expected to spook foreign investors and deepen a severe economic crisis.

US Secretary of State Marco Rubio said the sanctions target five Cuban entities, including three linked to Grupo de Administracion Empresarial S.A., a business conglomerate run by Cuba’s Revolutionary Armed Forces.

Best known as GAESA , it is believed to command nearly 40 percent of Cuba's gross domestic product.

As of early 2024, it held $14. ...