Washington revealed sanctions on foreign-backed mining ventures on Tuesday, which Havana slammed for being ‘dishonest and mendacious’
4-MIN READ4-MIN ListenTeresa Elena Frontadoin WashingtonPublished: 4:33am, 24 Jun 2026Updated: 4:34am, 24 Jun 2026The Trump administration expanded its sanctions campaign against Cuba on Tuesday, targeting a state-owned mining company and other key economic entities in a move that comes as Washington seeks to build alternative supply chains for critical minerals and reduce reliance on geopolitical rivals.US Secretary of State Marco Rubio announced sanctions against five entities and one individual, including state-owned mining company GeoMinera, which oversees foreign-backed mining ventures and manages Cuba’s non-nickel metallic mineral assets. The measures also targeted financial and logistics companies linked to military-run conglomerate Grupo de Administracion Empresarial SA (GAESA).“GAESA continues to operate as the financial muscle behind the Cuban regime’s repressive security apparatus,” Rubio said in a statement.
00:58Trump vows to ‘take’ Cuba as island reels from total power cut linked to oil embargoThe sanctions come days after Havana unveiled 176 economic reforms aimed at expanding private enterprise, attracting investment and reviving an economy battered by prolonged blackouts, shortages of food, fuel and medicine.
