US imposes new Cuba sanctions as UN experts warn of 'energy starvation'
The United States has announced new sanctions targeting Cuba's military-linked conglomerate GAESA and related entities, in the latest step in its pressure campaign against the island.The measures were announced on Thursday, hours after UN experts criticised Washington's effective fuel blockade of Cuba.The sanctions target Grupo de Administracion Empresarial SA, known as GAESA, which is controlled by the military and has ties across much of the Cuban economy.They also target Ania Guillermina Lastres Morera, the executive president of GAESA, and Moa Nickel SA, a joint venture involving Toronto-based Sherritt International Corp and Cuba's state-owned nickel company.Sherritt said it had suspended its... [Continue Reading]
360LiveNews | 07 May 2026 22:00 LONDON
US sanctions on Cuba nickel operation prompt Sherritt board resignations
The United States has imposed new sanctions on a Cuba nickel operation, triggering immediate changes at Canadian company Sherritt and adding pressure to Havana's already strained economy.Marco Rubio revealed the measures on Thursday.Three Sherritt directors, including chairman Brian Imrie, resigned with immediate effect after the announcement.Sherritt said sanctions announced by Washington on May 1 had already materially altered its ability to operate normally in Cuba.The company is involved in the Moa joint venture and also holds a one-third stake in Energas.The move matters because Energas accounts for about 10% of Cuba's electricity generation capacity, linking the sanctions to wider concerns... [Continue Reading]
360LiveNews | 07 May 2026 20:03 LONDON
