The communist military dictatorship has kept itself rich and the Cuban people poor for decades. Photo courtesy of Cuban state media. Secretary of State Marco Rubio described Grupo de Administración Empresarial S.A. (GAESA) as a “Cuban military-controlled financial conglomerate that steals millions in aid for the Cuban people at the behest of the regime.” The United States sanctioned GAESA on May 7, 2026, under Executive Order 14404, signed by President Trump on May 1. The State Department issued the designations while the Treasury Department’s Office of Foreign Assets Control (OFAC) administered them. Founded by Raúl Castro, GAESA is the economic arm of Cuba’s Revolutionary Armed Forces (FAR) and one of the country’s most powerful institutions. Despite existing within a nominally socialist state, it operates under…
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