US sanctions Cuba’s tourism ministry and state-owned companies

The U.S. Treasury Department has imposed sanctions on Cuba’s Ministry of Tourism and two state-owned companies, Grupo Empresarial de Transporte Maritimo Portuario and Grupo Empresarial del Comercio Exterior, amid escalating tensions between the two nations. Companies have until August 12 to cease contracts with these entities to avoid penalties. The sanctions follow a recent executive order allowing the freezing of U.S.-based assets linked to the Cuban government, intensifying pressure on the island already struggling with electricity shortages and economic challenges.

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