U.S. Department of State imposes Cuba related sanctions

The U.S. Department of State imposed blocking sanctions on one individual and five entities located in Cuba under Executive Order 14404 for generating revenue for the Cuban regime through financial services and mining operations. The designations target entities affiliated with Cuba's state-controlled conglomerate GAESA and the regime's minerals extraction sector, including a commercial bank handling the majority of Cuba's foreign transactions, financial management companies, and mining and steel production operations that funnel proceeds to the government.