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6d ago

U.S. Adds Ten Cuban Entities, Including Tourism Ministry, to OFAC SDN List

The U.S. Treasury said the designations aim to cut revenue Washington says funds Cuba’s security and repression by blocking U.S. dealings and exposing foreign banks to compliance risk.

El ministro de Asuntos Exteriores de Cuba, Bruno Rodríguez en La Habana, Cuba, el 30 de junio de 2026. Fotografía de archivo: REUTERS/Norlys Pérez
El Departamento de Estado de Estados Unidos ha implementado un nuevo paquete de sanciones bajo la Orden Ejecutiva 14404
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Overview

  • The Office of Foreign Assets Control on Monday designated ten Cuban entities under Executive Order 14404, naming the Ministry of Tourism, GECOMEX, GEMAR, fuel traders Coreydan and Enetec, ANTEX, Caudal and several militia and veterans groups.
  • The listings freeze U.S.-located assets, bar U.S. persons from transactions with the named entities, apply automatically to subsidiaries 50% or more owned, and give non-U.S. parties a wind-down window for GECOMEX and GEMAR until August 12, 2026.
  • The measures extend earlier action against GAESA from May 1 and raise immediate compliance risks for foreign banks, insurers and hotel operators that have been doing business in Cuba.
  • Analysts and government data cited in reporting say the sanctions add pressure to an island already hit by a U.S. fuel blockade since January that has driven recurring blackouts and a collapse in tourism, with visitors down about 58% through May 2026 and hotel occupancy very low.
  • Cuban officials called the move coercive and harmful to civilians while U.S. officials said it targets the financial channels for repression; the designations may prompt more asset sales, contract exits by foreign firms and tighter banking controls for transactions involving Cuba.