All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

US imposes new sanctions on Cuba-related individuals and entities

Created at 6 Aug · 3:52 PM1 source↑ Market-relevant
IN SHORT

The United States has imposed new sanctions targeting six Cuban individuals, including one based in China and another in Russia, along with five Cuba-based entities. Two previously sanctioned Cubans also faced additional designations.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

sixCuban individuals designated
fiveCuba-based entities designated

Who's Involved

U.S. Treasury Department
Issued new Cuba-related sanctions
OFAC
Administers Cuba sanctions programs and issues guidance
US imposes new sanctions on Cuba-related individuals and entities

↳ Why This Matters

The new sanctions underscore the U.S. government's continued efforts to exert pressure on Cuba through financial and economic restrictions, potentially impacting international dealings with Cuban individuals and entities.

Key facts

  • The U.S. Treasury Department website announced new Cuba-related sanctions.
  • Six Cuban individuals, including one in China and one in Russia, were designated.
  • Five Cuba-based entities were also sanctioned.
  • Two individuals previously sanctioned by the U.S. received additional designations.

The United States has implemented new sanctions targeting individuals and entities connected to Cuba. According to information from the U.S. Treasury Department website, the sanctions designate six Cuban individuals, including one residing in China and another in Russia. Additionally, five entities based in Cuba have been sanctioned. The measures also include further designations against two Cubans who were previously sanctioned.

These actions are part of the U.S. government's ongoing sanctions program related to Cuba, which is implemented through various legal authorities, including executive orders and public laws codified by the Office of Foreign Assets Control (OFAC). OFAC also provides interpretive guidance and issues general licenses to authorize specific economic activities that might otherwise be prohibited under the Cuba Sanctions program.

Frequently asked questions

The sanctions are part of a new U.S. sanctions program targeting Cuba, aimed at imposing measures on individuals and entities with certain ties to or engaged in specific activities in Cuba.

The sanctions target six Cuban individuals, including those based in China and Russia, and five Cuba-based entities. Two previously sanctioned individuals also face additional measures.

OFAC administers the Cuba sanctions programs, issues interpretive guidance, and can authorize specific economic activities through licenses.

What Happens Next

01OFAC may issue further interpretive guidance on Cuba sanctions.
02OFAC may authorize specific economic activities through licenses.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

The United States issued new Cuba-related sanctions.
Six Cuban individuals and five Cuba-based entities were designated.
Two previously sanctioned Cubans received additional designations.

Sources

T1
US issues new Cuba-related sanctionsReuters
T2
Cuba Sanctions - Office of Foreign Assets Controlofac.treasury.gov
T2
United States Announces New Cuba-Related Sanctions Program | Insights ...sidley.com

Related Stories

UN experts condemn US measures against Cuba, warn of 'silent Gaza'
6 Aug · 10:21 AM
US Renews Warning Against Travel to North Korea
6 Aug · 2:46 AM
China Accuses US of Obstructing Huawei Cooperation in Argentina
6 Aug · 12:49 PM
Trump Administration Plans 15% Tariff on Polysilicon Derivatives
5 Aug · 7:56 PM
FCC chair: Robot import restrictions aim to boost US production
6 Aug · 4:07 PM