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US slaps new sanctions on Cuba
The Korea Herald
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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. ...
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