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US hits Cuba with new sanctions as island’s crises multiply

The move targets Cuba’s financial network and energy supply chain, with officials saying the listed entities help fund repression and keep the grid running.

  • 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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The United States Government has imposed new sanctions on Cuba, increasing the pressure on its economy and deepening its energy and fuel crises.

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Lean Left

The United States announced new sanctions targeting Cuba's ruling elite, a state-owned bank and four entities linked to the country's energy, metals and mining sectors. The State Department said the measures are part of the Trump administration's broader efforts to curb what Washington describes as the Cuban regime's repression and activities that threaten US national security and stability in the Western Hemisphere. Among those sanctioned is Fi…

Lean Right

The Donald Trump administration is increasing pressure on Cuba, including adding Fidel Ernesto Castro Calis (31), the grandson of former Cuban President Raúl Castro, to the sanctions list. According to AP and other news outlets on the 3rd (local time), the Trump administration [added] Fidel Ernesto Castro Calis, Banco Extraior de Cuba, and organizations that use natural and energy resources for the benefit of the Cuban regime

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Washington Times broke the news in Washington, United States on Thursday, September 3, 2026.
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