U.S. Sanctions Raúl Castro's Grandson, Cuban State Bank
Washington targeted five companies and a Castro family member, saying the sanctions block U.S.-controlled assets and transactions unless authorized.
- On Thursday, the United States imposed sanctions on Fidel Ernesto Castro, 31, grandson of former Cuban President Raúl Castro, and five state-run entities including Banco Exterior de Cuba across banking, energy, and mining sectors.
- Washington's latest measures build on a broader blockade on Cuban oil access since early this year, which has exacerbated an already weak power grid, causing repeated nationwide blackouts and limiting healthcare access, fueling U.N. warnings of a humanitarian crisis.
- Besides Banco Exterior de Cuba, Washington sanctioned four companies—Comercial CUPET, Abapet, Cexni, and Nicarotec—linked to energy and mining, systematically restricting financial channels for state-run industries supporting Cuban leadership.
- "These designations reflect President Trump's unwavering vision for a free Cuba," Secretary of State Marco Rubio said, as the administration penalizes top officials' families and state-run industries to exert pressure on the established power structure.
- Cuban authorities proposed opening key economic sectors to private industry in late July to survive sanctions, though these reforms face significant hurdles as new U.S. restrictions further constrain state entities necessary for economic transition.
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66 Articles
The U.S. Treasury Department imposed sanctions against Fidel Castro Calis, Raúl Castro’s grandson, and companies linked to the Cuban energy sector. They are accused of benefiting the regime.
The White House increases the pressure on the Castro règim
Shafaq News – Havana: The United States imposed sanctions on Thursday on a grandson of former Cuban leader Raul Castro and five entities linked to the state, in the latest move in Washington's campaign to tighten pressure on the communist island. "Among those sanctioned today are Raul Castro's grandson, Fidel Ernesto Castro Calles, Banco Extreor de Cuba, and four entities that exploit Cuba's natural resources or energy reserves for the benefit o…
New sanctions have also been introduced against Cuban companies.
The US announced sanctions against Fidel Ernesto Castro, one of the grandsons of Cuban historical leader Raúl Castro, and 5 banking entities.
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