US Escalates Pressure: New Sanctions Target Cuban Regime and Financial Network

President Trump signs a sweeping executive order expanding sanctions against the Cuban regime, targeting human rights violators, financial sectors, and international banks.

By: AXL Media

Published: May 2, 2026, 7:06 AM EDT

Source: Havana Times

Targeting Key Sectors of the Cuban Economy

The new executive order provides the Secretary of State and the Secretary of the Treasury with broad authority to freeze assets and block property. The sanctions specifically target individuals and entities operating within strategic sectors, including:

Energy and Defense: Any operations related to fuel, military materials, or security.

Financial Services: Disrupting the regime's ability to move capital internationally.

Mining and Metals: Cutting off revenue from Cuba's natural resources.

Government Proxies: Any person or entity owned, controlled, or directed by the Government of Cuba, including those acting as intermediaries.