UPDATE 1-US issues new Cuba-related sanctions, Treasury Department website shows
has imposed sanctions on one person and additional sanctions on two entities related to Cuba, according to a notice posted on the U.S. Treasury Department's website on Thursday. Sherritt said in a statement on its website on Thursday that it had suspended its direct participation in joint venture activities in Cuba, effective immediately.
The U.S. has imposed sanctions on one person and additional sanctions on two entities related to Cuba, according to a notice posted on the U.S. Treasury Department's website on Thursday. The State Department said the sanctions target Grupo de Administracion Empresarial S.A. (GAESA), a conglomerate involved in all sectors of Cuba's economy and controlled by its military; Ania Guillermina Lastres Morera, the executive president of GAESA; and MNSA, Moa Nickel SA, a joint venture between Toronto-based Sherritt International Corp and Cuba's state-owned nickel company.
U.S. President Donald Trump's administration has ramped up pressure on Cuba this year, halting shipments of oil from Venezuela, which was Havana's longtime top supplier, and threatening to intensify economic sanctions on the Communist-ruled island. Sherritt said in a statement on its website on Thursday that it had suspended its direct participation in joint venture activities in Cuba, effective immediately.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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