NEWSMAX
Trump Expands Cuba Sanctions, Targets Banking Ties
VIDEO
By Jim Thomas | Friday, 01 May 2026 05:58 PM EDT
President Donald Trump signed an executive order broadening U.S. sanctions on the Cuban government, authorizing the Treasury to block the assets of Cuban officials and their adult family members, bar them from entering the United States, and penalize foreign banks that handle their transactions.
The order extends a national emergency that Trump declared in January and is designed to cut Havana's access to the global financial system as the administration intensifies pressure on the island during a deepening economic crisis.
The order, issued under the International Emergency Economic Powers Act, allows asset blocks on individuals and entities involved in Cuba's key economic sectors, government leaders, security affiliates and those responsible for serious human rights abuses or corruption connected to the regime.
It extends to adult family members of designees and suspends their entry into the United States.
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READ MORE: https://www.newsmax.com/newsfront/donald-trump-cuba-sanctions/2026/05/01/id/1254944/
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