GAESA

GAESA, a business empire owned by Cuba's armed forces, controls approximately 40% of the Cuban economy and holds around $14.5 billion in overseas accounts according to leaked documents. The entity operates across sectors including tourism, retail, banking, ports, and remittances, while maintaining secrecy by not publishing financial accounts.

The US sanctioned a Cuban commercial bank and five state entities on June 23, targeting the bank that manages most foreign business in and out of Cuba. Three of the sanctioned entities belong to the military-run conglomerate GAESA, which controls about 40% of Cuba's economy.

An online portal used by Cubans in the U.S. to send deliveries to Cuba has stopped taking orders due to U.S. sanctions targeting Cuban state-owned entities. The platform, Envioscuba.com, cited reasons beyond its control for halting new orders but will complete existing deliveries.

An online portal, Envioscuba.com, which Cubans in the U.S. used to send goods to relatives in Cuba, has stopped accepting new orders amid U.S. sanctions targeting Cuba's state-owned oil and gas company, President Miguel Diaz-Canel, and GAESA, a military-run conglomerate. The platform, linked to GAESA's warehouses, faces pressure as companies avoid sanctions risks, with experts predicting similar portals will shut down.

Cuba's government is opening hotel management to Cuban investors, both domestic and abroad, following the withdrawal of hotel chains like Melia due to U.S. sanctions. The move aims to address economic challenges exacerbated by the U.S. embargo, which Cuba blames for ongoing crises.

Cuba's government announced it will open hotel management to Cuban investors, both domestic and abroad, following the withdrawal of hotel chains like Melia, Royalton, and Iberostar due to U.S. sanctions. The move comes as tourism declines amid economic challenges linked to the U.S. embargo, with President Miguel Díaz-Canel promoting new business models for hotel operations.

Spanish hotel chain Meliá is closing 15 of its 34 managed hotels in Cuba, citing corporate responsibility and U.S. sanctions targeting Cuban conglomerate GAESA. The decision follows expanded U.S. sanctions against GAESA, linked to the Cuban military, and exacerbates challenges for Cuba's tourism sector, which has declined since 2018.

The Trump administration expanded U.S. sanctions on Cuba to target foreign companies and banks dealing with military-linked entities like Grupo de Administración Empresarial S.A. (GAESA), aiming to close loopholes allowing foreign support of the Cuban regime. Critics argue the move could exacerbate humanitarian issues.

Cuba's Central Bank will suspend transactions with Visa and Mastercard due to U.S. sanctions, while Spanish hotel chain Meliá and others are exiting operations in Cuba linked to Trump's executive order and sanctions against state-connected entities like Gaesa.

The article argues that Trump uniquely recognized Cuba's communist regime as a threat to the U.S., contrasting with previous presidents who either ignored or failed to address it. It criticizes Obama's 2014-2017 engagement policies as ineffective, claiming they enriched the Cuban military conglomerate GAESA and failed to spur reforms.

The Trump administration escalates pressure on Cuba through military threats and sanctions while supporting legal action against the island nation. Separately, Iran and the United States narrow gaps in ceasefire negotiations, though disputes over uranium enrichment and Strait of Hormuz control remain unresolved.

The United States has arrested the sister of the executive president of GAESA, Cuba's military-run business conglomerate, citing alleged ties to the communist regime. The arrest represents escalated enforcement against individuals connected to Cuba's military leadership and state-controlled enterprises.

The US arrested Adys Lastres Morera, sister of GAESA's executive president, after revoking her lawful permanent resident status due to alleged ties to Cuba's communist regime. Secretary of State Marco Rubio stated that GAESA, a military-run conglomerate, has diverted millions in aid and accumulated approximately $20 billion in illicit funds while the Cuban people suffer from economic collapse, blackouts, and shortages.

US Secretary of State Marco Rubio addressed the Cuban people directly, blaming their hardships on communist leadership and offering a new relationship between the US and Cuba. The Trump administration is pressuring Havana with a multi-layered campaign, including an indictment of Raúl Castro. The US is offering $100 million in food and medicine to the Cuban people.