US imposes new sanctions on Cuba tourism ministry, state-owned companies

[El Presidente]

US imposes new sanctions on Cuba tourism ministry, state-owned companies

The US Treasury Department posted the new directive on its website on Monday.

https://www.aljazeera.com/economy/2026/7/13/us-imposes-new-sanctions-on-cuba-tourism-ministry-state-owned-companies

 

The United States Department of the Treasury has sanctioned Cuba’s Ministry of Tourism and other entities amid growing tensions between Havana and Washington, DC.

On Monday, the US imposed sanctions covering two state-owned companies as well: Grupo Empresarial de Transporte Maritimo Portuario (GEMAR) and Grupo Empresarial del Comercio Exterior (GECOMEX), according to the sanctions published on the department’s website.

The agency said it is giving companies and financial institutions that do business with the state-owned companies until August 12 to wind down existing contracts without facing sanctions.

The new sanctions follow an executive order in May that allowed the US to freeze any US-based assets belonging to people or organisations supporting Cuba’s government or economy. The order also increased pressure on banks that work with Cuban entities.