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Weekly Report - 25 June 2026 (WR-26-25)
CUBA: US tightens sanctions, deals further blow to economy
Hopes in Havana that the far-reaching economic reforms unveiled last week [WR-26-24] would ease the pressure campaign being applied by the US government have failed to materialise. With a US Department of State (DoS) spokesperson widely cited by the media as calling them “modest, long overdue and ultimately superficial”, on 23 June US Secretary of State Marco Rubio announced the latest round of designations since US President Donald Trump hardened sanctions on Cuba on 1 May [WR-26-18], this time targeting the daughter-in-law of former president Raúl Castro (2008-2018) and five Cuban entities. These notably include three companies associated with Grupo de Administración Empresarial SA (Gaesa), the opaque state-owned military conglomerate which controls much of Cuba’s economy and which itself was blacklisted on 7 May [WR-26-19].
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