U.S. Department Of State Sanctions Cuba Government Officials And Cuba Government Entities

Marco Rubio, Secretary of State
Further U.S. Sanctions on Cuban Regime Elites
May 18, 2026

The Trump Administration continues to take decisive action to protect U.S. national security and deprive Cuba’s communist regime and military of access to illicit assets.  Today, pursuant to President Trump’s Executive Order 14404 of May 1, 2026, “Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Security and Foreign Policy,” I designated 11 Cuban regime elites and three government organizations, including government officials and military figures associated with Cuba’s security apparatus, many of whom are responsible for or have been involved in repressing the Cuban people.   

These sanctions advance the Trump Administration’s comprehensive campaign to address the pressing national security threats posed by Cuba’s communist regime and to hold accountable both the regime and those who provide it material support.  Regime-aligned actors such as those designated today bear responsibility for the suffering of the Cuban people, the failing Cuban economy, and the exploitation of Cuba for foreign intelligence, military, and terror operations.  Today’s designations further restrict the Cuban regime’s ability to suppress the will of the Cuban people.  Additional sanctions actions can be expected in the following days and weeks.    

The Department’s action is being taken pursuant to Executive Order (E.O.) 14404, which authorizes sweeping sanctions on Cuba, including persons who support the Cuban regime’s security apparatus and those responsible for repression in Cuba and threats to U.S. national security. This action also furthers both Executive Order 14380, “Addressing Threats to the United States by the Government of Cuba” and National Security Presidential Memorandum 5 (NSPM-5), which directs the Executive Branch to improve human rights, encourage the rule of law, foster free markets and free enterprise, and promote democracy in Cuba. See related Fact Sheet. 

Sanctions to Counter Threats Posed by the Cuban Regime Fact Sheet
Fact Sheet
May 18, 2026

Today, the Department of State is sanctioning 11 Cuban regime-aligned actors and three entities in furtherance of the Trump Administration’s comprehensive campaign to address the pressing national security threats posed by Cuba’s communist regime and hold accountable the regime and those who provide it material or financial support.     

For more than 60 years, the Cuban regime has prioritized its Communist ideology and personal wealth over the well-being of its own citizens while allowing for the exploitation of Cuba for foreign intelligence, military, and terror operations.  The United States will continue to take action to counter the Cuban regime, those furthering its goals, and those abroad enabling the elites to profit while the Cuban people suffer.  

Today, all Department of State targets are being sanctioned pursuant to Executive Order (E.O.) 14404, which authorizes sanctions on persons determined to meet specified criteria related to repression in Cuba and threats to U.S. national security.   

Taking Action Against the Cuban Regime 

The Department of State is designating 11 regime-aligned elites associated with Cuba’s security apparatus, as well as three Cuban government bodies.  

The following entities are being designated pursuant to Section 2 (a)(i)(F) of E.O. 14404 for being a political subdivision, agency, or instrumentality of the Government of Cuba: 

The MINISTRY OF INTERIOR OF CUBA (MININT), which is an agency of the Government of Cuba responsible for Cuba’s internal security, to include controlling Cuba’s police, internal security forces, intelligence agencies, and the country’s prison system.  Today’s action expands upon MININT’s prior designation pursuant to E.O. 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act;  The POLICIA NACIONAL REVOLUCIONARIA (PNR), which is a police force under MININT accused of operating mobile prisons and violent suppression of protests.  Today’s action expands upon the PNR’s prior designation pursuant to E.O. 13818; and The DIRECTORATE OF INTELLIGENCE OF CUBA (DGI), which is the primary intelligence agency of the Government of Cuba under MININT. 

The following actors are being designated pursuant to Sec. 2 (a)(i)(E) of E.O. 14404 for being or having been a leader, official, senior executive officer, or member of the board of directors of the Government of Cuba or an entity whose property or interests in property are blocked pursuant to E.O. 14404: 

EDDY MANUEL SIERRA ARIAS (SIERRA), the Chief of the General Directorate of the PNR, which is being concurrently designated pursuant to E.O. 14404.  Today’s designation of SIERRA builds upon his prior designation pursuant to E.O. 13818; 
OSCAR ALEJANDRO CALLEJAS VALCARCE (CALLEJAS), the Chief of the Political Directorate of the concurrently designated MININT and the former Director of the also concurrently designated PNR.  Today’s designation of CALLEJAS expands upon his prior designation pursuant to E.O. 13818; ROSABEL GAMON VERDE, the Minister of Justice of Cuba; JOAQUIN QUINTAS SOLA, the Deputy Minister of Cuba’s Revolutionary Armed Forces; JUAN ESTEBAN LAZO HERNANDEZ, the President of Cuba’s National Assembly for People’s Power; VICENTE DE LA O LEVY, the Minister of Energy and Mines of Cuba; MAYRA AREVICH MARIN, the Minister of Communications of Cuba; JOSE MIGUEL GOMEZ DEL VALLIN, the Chief of Staff of Military Counterintelligence; RAUL VILLAR KESSELL, the Chief of the Central Army of Cuba; ROBERTO TOMAS MORALES OJEDA, a member of the Political Bureau and Secretary of the Organization of the Central Committee of the Communist Party of Cuba; and EUGENIO ARMANDO RABILERO AGUILERA, the Chief of the Eastern Army of Cuba. 

Sanctions Implications  

As a result of today’s sanctions-related actions, and in accordance with Executive Order 14404 of May 1, 2026, “Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to U.S. National Security and Foreign Policy,” all property and interests in property of the designated persons described above that are in the United States or in possession or control of U.S. persons are blocked and must be reported to the Department of the Treasury’s Office of Foreign Assets Control (OFAC).  Additionally, all entities that are owned individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. 

All transactions and dealings by U.S. persons or persons within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons are prohibited unless authorized by a general or specific license issued by OFAC or exempt.  These prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person and the receipt of any contribution or provision of funds, goods, or services from any such person.  Foreign persons that engage in transactions with persons designated pursuant to E.O. 14404 – or that operate in the energy, defense and related materiel, metals and mining, financial services, or security sector of the Cuban economy, as identified in E.O. 14404 – are themselves at risk of sanctions.  Non-U.S. persons, including foreign financial institutions, should proceed with caution in any dealings with a party sanctioned under this authority.  Actions to return assets to a sanctioned party or transfer them to another jurisdiction for potential use by the target could expose non-U.S. persons to significant sanctions risk.  All property and interests in property of persons that are blocked pursuant to the CACR continue to be blocked.  The CACR prohibits persons subject to U.S. jurisdiction from dealing in property in which Cuba or a Cuban national has an interest, unless authorized or exempt. 

The power and integrity of U.S. government sanctions derive not only from the U.S. government’s ability to designate and add persons to the Specially Designated Nationals and Blocked Persons (SDN) List, but also from its willingness to remove persons from the SDN List consistent with the law.  The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior.    

Petitions for removal from the SDN List may be sent to:  OFAC.Reconsideration@treasury.gov.  Petitioners may also refer to the Department of State’s Delisting Guidance page.  

Unfolding Trump-Vance Administration Strategy For Cuba: Eleven Focuses. Do Not Be Shocked If President Diaz-Canel Of Cuba Visits The White House

NOTE: During briefings in South Florida on 6/7/8 May 2026, the U.S.-Cuba Trade and Economic Council shared verbally this bullet-point perspective about how the organization views the engagement unfolding by the Trump-Vance Administration (2025-2029) and the Diaz-Canel-Valdes Mesa Administration (2019-2028).  The perspective is updated. 

Do Not Be Shocked If President Diaz-Canel Of Cuba Visits The White House 

Through Fourteen United States Presidential Administrations… With It End With Fifteenth? 

Defining “Transition” Provides President Trump With Elasticity- Unwelcomed For Some Stakeholders 

Impact Of Executive Orders 

Two SCOTUS Opinions 

Raul Castro Indictment Absent The Defendant 

G7 Trio In The Crosshairs: Presents For Carney, Macron, Merz, Sanchez 

5,913 Certified Claimants 

Nomination Of United States Ambassador To Cuba 

Returning Cubans To Cuba And Preventing Cubans From Illegally Entering United States 

President Trump’s Cuba Timeline Is Finish By 12:00 PM On Saturday, 20 January 2029 

In 1992, a diplomat assigned to the United States Interests Section in Havana, Republic of Cuba, shared what was described as a hypothetical statement for appreciating how Fidel Castro, President of the Republic of Cuba (1976-2008), viewed his political relationship with successive occupants of The White House.   

The diplomat created a statement to reflect President Castro.  “I am prepared to let my people suffer.  Are you prepared to let my people suffer?”   

The answer occupies the tipping point for individuals of Cuban descent residing in the United States.  How much suffering will they accept to be inflicted upon their acquaintances, colleagues, families, and friends?   

The “embargo” (executive orders, policies, regulations, and statutes) by the government of the United States upon the government of the Republic of Cuba commenced in 1960 during the Eisenhower-Nixon Administration (1953-1961).   

• The trigger was the 1960 expropriation of an oil refinery owned by White Plains, New York-based Texaco, Inc., now a subsidiary of San Ramon, California-based Chevron Corporation (USFCSC: CU-1331/CU-1332/CU-1333 valued at US$56,196,422.73).  

It has continued thus far into fifteen (15) United States presidential administrations- eight (8) Republican and seven (7) Democrat.   

• The “embargo” continued from the Eisenhower-Nixon Administration through the Kennedy-Johnson Administration (1961-1963), Johnson Administration (1963-1965), Johnson-Humphrey Administration (1965-1969), Nixon-Agnew-Ford Administration (1969-1974), Ford-Rockefeller Administration (1974-1977), Carter-Mondale Administration (1977-1981), Reagan-Bush Administration (1981-1989), Bush-Quayle Administration (1989-1993), Clinton-Gore Administration (1993-2001), Bush-Cheney Administration (2001-2009), Obama-Biden Administration (2009-2017), Trump-Pence Administration (2017-2021), Biden-Harris Administration (2021-2025), and thus far continues through into Trump-Vance Administration (2025-2029).   

Donald Trump, President of the United States (2017-2021 and 2025-2029), will focus upon being the occupant of the Oval Office who presides at the commercial, economic, financial, military, political, and societal re-engagement with the government of the Republic of Cuba where the dis-engagement began sixty-six years ago with Dwight Eisenhower, President of the United States (1953-1961).  

The coveted Nobel Peace Prize would certainly be within range and reach of President Trump should he preside during the “complete and total” commercial, economic, financial, military, political, and societal re-engagement with the citizens, government, and residents of the Republic of Cuba.    

Maximalist demands from Washington DC and maximalist demands from Havana will shift gradually to achievable, desirable, doable, implementable, and sustainable.  

No one will be entirely satisfied with the outcome, rather outcomes of the conversations, dialogue, discussions, and negotiations by Washington DC and Havana. 

Members of the United States Congress will need to accept and adapt to disappointment.  They will support President Trump regardless of the agreement(s) he endorses with the government of the Republic of Cuba.  Those agreements will be signed not with a regime, but with a government led by Miguel Diaz-Canel, President of the Republic of Cuba (2019-2028).  Members of the United States Congress will swallow hard.  They will be unable to default to a traditional ego-driven position of invincibility.   

Antagonizing President Trump with the message that he did not demand enough, do enough, and go far enough, is risky.  His response could well be- “OK, I will return Nicolas Maduro [President of Venezuela (2013-2026)], to Caracas, and you can have back Joe Biden [President of the United States (2021-2025)].  Is that what you want?  I have done what fourteen presidents could not do.”   

The Cuban Liberty and Democratic Solidarity Act of 1996 (known as “Libertad Act”) provides for the president of the United States to define and determine that a “transition government” is operational in the Republic of Cuba.  Individuals who serve in the current government are not prohibited from serving in a transitional government or democratic government. 

President Trump will be elastic in defining “transition” and to defining constraining provisions of the Cuban Democracy Act (CDA) of 1992, Libertad Act, and Trade Sanctions Reform and Export Enhancement Act (TSREEA) of 2000.  

• AUTHORIZATION. (1) IN GENERAL. The President shall develop a plan for providing economic assistance to Cuba at such time as the President determines that a transition government or a democratically elected government is in power. 

• SEC. 204. TERMINATION OF THE ECONOMIC EMBARGO OF CUBA. (a) PRESIDENTIAL ACTIONS. Upon submitting a determination to the appropriate congressional committees under section 203(c)(1) that a transition government in Cuba is in power, the President, after consultation with the Congress, is authorized to take steps to suspend the economic embargo of Cuba and to suspend the right of action created in section 302 with respect to actions thereafter filed against the Cuban Government, to the extent that such steps contribute to a stable foundation for a democratically elected government in Cuba. 

The Trump-Vance Administration will embark upon similar strategies used with the Syrian Arab Republic where some sanctions were removed/suspended for its transition government despite uncertainty as to the short-term, medium-term, and long-term trajectory.  President Trump deemed the risk worth the potential reward.  The decision also unlocked financing and investment from other countries. 

The government of the United States will provide incentives to the government of the Republic of Cuba as it currently inhabits the space.  The challenge will be creating incentives that the government of the Republic of Cuba will accept- and they will accept what they believe they can withstand. 

The government of the Republic of Cuba will need to continue the process of correlating the words of its political leadership with implementing policies, regulations, and statutes for transitioning the words into operational results. 

Impact Of Executive Orders 

The Republic of Cuba-focused Executive Orders (EOs) and Specially Designated Nationals and Blocked Persons List (SDN) designations issued by the Trump-Vance Administration are having a cumulative impact upon Cuba.  A boulder rolling downhill... picking up speed and creating havoc.   

• Executive Order 14380 (29 January 2026)

• Executive Order 14404 (1 May 2026)

• United States Department of State Designations- SDN List (7 May 2026)

Companies dislike havoc and uncertainty- and the Executive Orders are designed to inflict both.   

A political python- strategy is to constrict until prey (government of the Republic of Cuba) relents.  However, significant thus far is the Trump-Vance Administration has not specifically sanctioned any company; the Republic of Cuba-based joint venture of Sherritt International Corporation was sanctioned.  No country has been sanctioned for exporting fuels to the Republic of Cuba.   

From the perspective of The White House, the approximately 4,326 words in the Executive Orders have been well worth the time to craft them and publish them.   

And which countries have thus been swept-into the Executive Order vortex? Canada, France, Germany, and Spain.... each of which has political leadership with whom President Trump has issues. 

The Executive Orders are written in a manner reflecting a scene in the 1978 motion picture, Animal House, when Dean Vernon Woermer is informed a fraternity is already on official probation, he responds “They are? Well, as of this moment, they're on double secret probation!” 

Provisions of the Trump-Vance Administration Executive Orders may be implemented without advance notification to a target party.  This double secret probation-like implementation further stokes uncertainty- which is precisely the objective. 

Opinions In Two Cases Before Supreme Court Of The United States (SCOTUS) 

The United States Department of Justice (DOJ) supports the plaintiffs in both cases.  If the SCOTUS rules in favor of the plaintiffs, the Trump-Vance Administration will view the results as additional tools to influence the behavior of the Diaz-Canel-Valdes Mesa Administration.  The decisions will negatively impact the Republic of Cuba by further creating reasons for companies and financial institutions to avoid connectivity with the Republic of Cuba.  If the SCOTUS rules in favor of the defendants or remands the cases for further consideration by lower courts, the Trump-Vance Administration will view the result as dissuasive because the result is continued uncertainty- which companies and financial institutions seek to avoid.  The government of the Republic of Cuba loses either way.  

• Exxon Mobil Corporation v Corporacion Cimex, et al. (24-699)

• Havana Docks Corporation v Royal Caribbean Cruises, et al. (24-983)

• Link: U.S. Supreme Court Agrees To Hear Two Cuba Libertad Act Cases. Trump Administration Supports Both Plaintiffs. October 03, 2025

Indictment Of Raul Castro, President Of The Republic Of Cuba (2008-2018) 

Raul Castro, ninety-four (94) years old (ninety-five in June 2026), was Minister of Defense of the Republic of Cuba (1959-2008) when on 24 February 1996 “two aircraft carrying members of the Brothers to the Rescue organization were shot down by an aircraft operated by the Cuban Revolutionary Air and Air Defense Force (DAAFAR).  Four people in the aircraft were killed: Carlos Costa, Armando Alejandre, Jr., Mario de la Peña, and Pablo Morales.” 

The Southern District of Florida is the likely venue for a federal indictment of Raul Castro given the victims were residents of the State of Florida and, most importantly, the political value of a grand jury indictment in a state with approximately 1.6 million residents with Republic of Cuba ancestry and a state whose voters continue to shift form the Democratic Party to the Republican Party. 

For many individuals of Cuban descent residing in Florida, Texas, California, New Jersey, and New York, an indictment of Raul Castro would be extracting revenge, though partial.   

Raul Castro will not be extradited from the Republic of Cuba to the United States.  There will be no televised perp walk.  Raul Castro will die in the Republic of Cuba and his ashes interred in the Santa Ifigenia Cemetery in Santiago de Cuba, alongside his brother, Fidel Castro, who died in 2016.   

The United States Department of Defense (War) will not engage in an operation to extract Raul Castro from the Republic of Cuba.  The Trump-Vance Administration will not condition its commercial, economic, financial, military, political, and societal re-engagement with the Republic of Cuba upon the extradition of Raul Castro.  They will ask, but they will not condition.  The indictment will therefore be performative because it has no expectation for a defendant in a courtroom in Miami, Florida.  

For President Trump, he will forcefully remind voters in the State of Florida that the Clinton-Gore Administration (1993-2001), Bush-Cheney Administration (2001-2009), Obama-Biden Administration (2009-2017), Trump-Pence Administration (2017-2021), and Biden-Harris Administration (2021-2025) failed to bring an indictment against Raul Castro.  The Trump-Vance Administration did what predecessors were too weak to do. 

G7 Leaders’ Summit From 15 June 2026 To 17 June 2026 In Évian-Les-Bains, France 

The G7 Leaders’ Summit is scheduled for 15 June 2026 to 17 June 2026 in Évian-les-Bains, France.  The host is Emmanuel Macron, President of the Republic of France (2017-2027).  The G7 consists of countries based upon their Gross Domestic Product (GDP) and the type of political system- defined as democracies.  Media reporting that President Macron is considering inviting President Xi Jinping To The G7 Leaders’ Summit.  Unknown if Volodymyr Zelensky, President of Ukraine (2019-2024; term extended due to imposition of martial law in 2022), will participate.  

• 2026 G7: (2014-Present) United States, Germany, Japan, United Kingdom, France, Italy, Canada, and European Commission (president) and European Council (president).  The Russian Federation (2025 GDP ranks 8th) was excluded in 2014 due to its military actions (annexation) of the Crimean Peninsula in Ukraine.  NOTE: Spain is a “permanent guest” at G7 Leaders’ Summits despite ranking 12th in 2025 GDP. 

The Republic of Cuba-related Executive Orders signed by President Trump thus far in 2026 have trapped like a spider web companies located in Canada, France, Germany, and Spain. 

This means non-Republic of Cuba-related issues President Trump has with the one head of state (France) and the three heads of government (Canada, Germany, Spain): Israel-United States-Iran War, Military Spending, NATO relationship, Russian Federation-Ukraine War, Sanctions, Taiwan, Trade Agreements, and Tariffs will have company- Republic of Cuba-related issues.   

Mark Carney, Prime Minister of Canada (2025- ), Friedrich Merz, Chancellor of Germany (2025- ), President Macron, and Pedro Sanchez, Prime Minister of Spain (2018- ), will need to decide upon the value of the Republic of Cuba to their respective governments, to their respective economies, to their respective companies and financial institutions, and collectively to the twenty-seven country members of the Brussels, Belgium-based European Union (EU). 

• EU: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.  

In financial distress is Toronto, Canada-based Sherritt International Corporation (2025 revenue approximately US$422 million) which in May 2026 announced it was severing connectivity with all operations (mining and energy) in the Republic of Cuba due to Executive Orders. 

During the Trump-Pence Administration (2021-2025), executives of Palma de Mallorca, Spain-based Meliá Hotels International, S.A. (2025 revenue approximately US$2.3 billion) were subject to Title IV of the Cuban Liberty and Democratic Solidarity Act of 1996 (known as “Libertad Act”).  The company has also been a defendant in a Title III lawsuit.  

• Title III authorizes lawsuits in United States District Courts against companies and individuals who are using a certified claim or non-certified claim where the owner of the certified claim or non-certified claim has not received compensation from the Republic of Cuba or from a third-party who is using (“trafficking”) the asset. 

• Title IV restricts entry into the United States by individuals who have connectivity to unresolved certified claims or non-certified claims.  One Canada-based company and one Spain-based company are currently known to be subject to this provision based upon a certified claim and non-certified claim. 

In May 2026, Hamburg, Germany-based Hapag-Lloyd AG (2025 revenue US$21 billion) suspends operations in the Republic of Cuba due to Executive Orders. 

In May 2026, Marseille, France-based- CMA CGM (2025 revenue US$55 billion) suspends operations in the Republic of Cuba due to Executive Orders. 

For President Trump, inflicting pain upon members of the G7 is a political version of a chocolate sundae with an extra cherry.  Cheeseburger with extra [French] fries.  Or, two Diet Cokes. 

The Trump-Vance Administration has added “GRUPO DE ADMINISTRACION EMPRESARIAL S.A. (GAESA), pursuant to section 2(a)(i)(A) of E.O. 14404, for operating or having operated in the financial services sector of the Cuban economy” as a Specially Designated National (SDN) by the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury.    

Reported entities with connectivity to Melia Hotels International, S.A. include: Republic of Cuba government-operated Gaviota, Cubanacan, and Gran Caribe. 

“Below is the U.S. Department of State’s “Cuba Restricted List” of entities and subentities with which the Cuban Assets Control Regulations (31 CFR 515.209) generally prohibit direct financial transactions. These entities are under the control of, or acting for or on behalf of, the Cuban military, intelligence, or security services or personnel with which direct financial transactions would disproportionately benefit such services or personnel at the expense of the Cuban people or private enterprise in Cuba. All entities and subentities were listed effective February 6, 2025, unless otherwise indicated.”   

Some hotels in the Republic of Cuba managed by Melia Hotels International, S.A. are included in the Cuba Restricted List.  Other Republic of Cuba government-operated entities with connectivity to Melia Hotels International S.A. are on the Cuba Restricted List:  

CIMEX- Corporación CIMEX S.A.
GAESA- Grupo de Administración Empresarial S.A.
Gaviota- Grupo de Turismo Gaviota
Gaviota Hoteles Cuba

Disposition Of The 5,913 Certified Claims 

The Trump-Vance Administration is focused upon resolving the issue of the certified claimants.  There is concern that President Trump could be introduced during a gathering at his Mar-a-Lago Club in Palm Beach, Florida, to a non-certified claimant, for example, an older woman who was a citizen of the Republic of Cuba and whose small business was expropriated.  Upon hearing the story, he would summon Marco Rubio, United States Secretary of State (2025- ), with the instruction to “put this number one on the list that I want from Cuba.  I want this lady’s business returned to her.”  With that, the interests of the 5,913 certified claimants become entangled with hundreds of thousands or millions of non-certified claims which should be solely the jurisdiction of the government of the Republic of Cuba and solely to be adjudicated by citizens of the Republic of Cuba with the government of the Republic of Cuba. 

Joining certified claimants with non-certified claimants will result in no settlement for either category. 

There are 8,821 claims of which 5,913 awards valued at US$1,902,202,284.95 were certified by the United States Foreign Claims Settlement Commission (USFCSC) and have not been resolved for nearing sixty years (some assets were officially confiscated in the 1960’s, some in the 1970’s and some in the 1990’s).  The USFCSC permitted simple interest (not compound interest) of 6% per annum (approximately US$114,132,137.10); with the approximate current value of the 5,913 certified claims is approximately US$9.2 billion.  

The first asset (along with 382 enterprises the same day) to be expropriated by the Republic of Cuba was an oil refinery on 6 August 1960 owned by White Plains, New York-based Texaco, Inc., now a subsidiary of San Ramon, California-based Chevron Corporation (USFCSC: CU-1331/CU-1332/CU-1333 valued at US$56,196,422.73).  

From the certified claim filed by Texaco: “The Cuban corporation was intervened on June 29, 1960, pursuant to Resolution 188 of June 28, 1960, under Law 635 of 1959.  Resolution 188 was promulgated by the Government of Cuba when the Cuban corporation assertedly refused to refine certain crude oil as assertedly provided under a 1938 law pertaining to combustible materials.  Subsequently, this Cuban firm was listed as nationalized in Resolution 19 of August 6, 1960, pursuant to Cuban Law 851.  The Commission finds, however, that the Cuban corporation was effectively intervened within the meaning of Title V of the Act by the Government of Cuba on June 29, 1960.” 

The largest certified claim (Cuban Electric Company) valued at US$267,568,413.62 is controlled by Boca Raton, Florida-based Office Depot, Inc.  The second-largest certified claim (International Telephone and Telegraph Co, ITT as Trustee, Starwood Hotels & Resorts Worldwide, Inc.) valued at US$181,808,794.14 is controlled by Bethesda, Maryland-based Marriott International; the certified claim also includes land adjacent to the Jose Marti International Airport in Havana, Republic of Cuba.  The third-largest certified claim valued at US$97,373,414.72 is controlled by New York, New York-based North American Sugar Industries, Inc.  The smallest certified claim is by Sara W. Fishman in the amount of US$1.00 with reference to the Cuban-Venezuelan Oil Voting Trust. 

The two (2) largest certified claims total US$449,377,207.76, representing 24% of the total value of the certified claims.  Thirty (30) certified claimants hold 56% of the total value of the certified claims.  This concentration of value creates an efficient pathway towards a settlement.   

Nomination Of United States Ambassador To The Republic Of Cuba 

During the Obama-Biden Administration (2009-2017), after the re-opening in 2015 of the United States Embassy in Havana, Republic of Cuba, there was an expectation for a nominee as the first United States Ambassador to the Republic of Cuba since Philip Bonsal, who departed in October 1960.  That did not happen. 

A United States ambassador extraordinary and plenipotentiary is the highest-ranking diplomatic official representing a country.  The individual is the official representative of the President of the United States. 

The Trump-Vance Administration will view the installation of an ambassador neither a badge of legitimacy nor a reward to the government of the Republic of Cuba. 

The presence of a United States ambassador will reinforce the strength of the government of the United States- and project a message to other countries that the Trump-Vance Administration will seek to expand, influence, and protect its self-defined interests throughout The Americas.  

Agreement On Return Of Republic Of Cuba Nationals 

The Trump-Vance Administration is neither concerned nor focused upon a potential 21st century version of what impacted the Carter-Mondale Administration (1977-1981) and Clinton-Gore Administration (1993-2001).  

• In 1980, approximately 125,000 Republic of Cuba nationals arrived by vessels (primarily rafts) to the United States.   

• In 1994, approximately 35,000 Republic of Cuba nationals arrived by vessels (primarily rafts) to the United States.

Mr. Stephen Miller, Deputy Chief of Staff for Policy and Homeland Security Advisor at The White House, will forgo concern as to political ramifications in the State of Florida for the Republican Party.  He will robustly direct the United States Department of Defense (War) to deploy the United States Navy and United States Coast Guard to the Atlantic Ocean and if necessary, into the Gulf of Mexico (America) for Operation Interdiction And Return Home.  All Republic of Cuba nationals will be returned, forcibly, if necessary, to the internationally recognized territory of the Republic of Cuba. 

The Trump-Vance Administration will not be cowered by the optics of hundreds, thousands, tens of thousands, or hundreds of thousands of Republic of Cuba nationals in makeshift vessels or more solid vessels attempting to traverse the ninety-three miles from the Port of Havana to the most southern portion of Key West, Florida. 

The Trump-Vance Administration will require the government of the Republic of Cuba to accept the return of Republic of Cuba nationals deemed deportable from the United States and to create multi-layered impediments to prevent unauthorized departures from the Republic of Cuba.   

President Diaz-Canel Visits The White House 

The bigger the deal, more likely the visit.  President Trump will savour politically the optics of President Diaz-Canel visiting The White House for a signing ceremony.  An opportunity to use the Presidential Sharpie will prove intoxicating. 

There is no record of a head of government of the Republic of Cuba or head of state of the Republic of Cuba visiting The White House.  President Trump is attracted to setting precedents. 

Benefiting the government of the Republic of Cuba is the affinity of President Trump for agreements reflecting simplicity (number of points and sheets of paper), flexibility, and often audacity.  Agreements are frequently staged- preliminary, intermediate, and then final.  Almost all require addendums.  Almost all are subject to revisions.  Measurability metrics often become fluid.  All of this means the process takes time.  Expanding time is a primary goal of the government of the Republic of Cuba.     

The Diaz-Canel-Valdes Mesa Administration continues to evaluate how the Trump-Vance Administration engages with the Rodriguez Administration (2026- ) in the Bolivarian Republic of Venezuela and with the Pezeshkian-Aref Administration (2024-2028) in the Islamic Republic of Iran. 

Officials within the Trump-Vance Administration continue to monitor President Trump to determine the parameters of his elasticity in defining “total and complete victory” with Venezuela and Iran as indicators for definitions relating to the Republic of Cuba. 

A fatal mistake to underappreciate the consistent desire by President Trump to correct what his predecessors in the Oval Office could not do, did not do, or would not do. 

Politically dangerous for anyone to seek to separate President Trump from his effort to bring finality to the sixty-seven-year estrangement between the government of the United States and the government of the Republic of Cuba. 

P.S. 2.63 waterfront acres in downtown Miami, Florida, is the location for the Donald J. Trump Presidential Library.  That is an incentive for the Trump-Vance Administration to have in place a sustainable re-engagement with the Republic of Cuba prior to 12:00 pm on Saturday, 20 January 2029, when President Trump departs The White House.

LINK TO COMPLETE ANALYSIS IN PDF FORMAT

Two EU-Based Shipping Companies Suspend Cuba Operations. One Settled Libertad Act Lawsuit And The Other Owns Florida International Terminal In Port Everglades. Will EU Do Anything?

Two EU-Based Shipping Companies Suspend Cuba Operations.  One Settled Libertad Act Lawsuit And The Other Owns Florida International Terminal In Port Everglades  

What Will EU Do, If Anything? 

CiberCuba (May 14, 2026): “During the early hours of yesterday, we [Republic of Cuba-based shipping agents] received official communication from the Representation Agencies in Cuba of the shipping companies [Hamburg, Germany-based] Hapag-Lloyd AG [2025 revenue US$21 billion] and [Marseille, France-based] CMA CGM [2025 revenue US$55 billion], notifying us of the implementation of a STOP BOOKING for all origins and destinations of their regular services to and from Cuba.” 

ODETTE BLANCO DE FERNANDEZ née BLANCO ROSELL; EMMA RUTH BLANCO, in her personal capacity, and as Personal Representative of the ESTATE OF ALFREDO BLANCO ROSELL, JR; HEBE BLANCO MIYARES, in her personal capacity, and as Personal Representative of the ESTATE OF BYRON BLANCO ROSELL; SERGIO BLANCO DE LA TORRE, in his personal capacity, and as Administrator Ad Litem of the ESTATE OF ENRIQUE BLANCO ROSELL; EDUARDO BLANCO DE LA TORRE, as Administrator Ad Litem of the ESTATE OF FLORENTINO BLANCO ROSELL; LIANA MARIA BLANCO; SUSANNAH VALENTINA BLANCO; LYDIA BLANCO BONAFONTE; JACQUELINE M. DELGADO; BYRON BLANCO, JR.; MAGDALENA BLANCO MONTOTO; FLORENTINO BLANCO DE LA TORRE; JOSEPH E. BUSHMAN; CARLOS BLANCO DE LA TORRE; and GUILLERMO BLANCO DE LA TORRE; Plaintiffs, v. CMA CGM S.A. (a/k/a CMA CGM THE FRENCH LINE; a/k/a CMA CGM GROUP); CMA CGM (AMERICA) LLC.  [1:21-cv-22778; Southern Florida District].  Case Settled on 2 December 2025. 

Berliner Corcoran & Rowe LLP (plaintiff)
Horr, Novak & Skipp P.A. (plaintiff)
Fields PLLC (plaintiff)
Law Offices of John S. Gaebe P.A. (plaintiff)

Link: CMA CGM Of France Settles Cuba Libertad Act Port Use Lawsuit January 27, 2026

From Hamburg, Germany-based Hapag-Lloyd AG (2025 revenue US$21 billion)

“***Update January 20, 2025*** We have some good news if you're shipping to/from Cuba! Our Cuba Shuttle Service (CUS) has been enhanced with 2 vessels instead of 1, ensuring a weekly rotation between Mariel, Cartagena, and Manzanillo. MV Green Sea will start from Cartagena on January 24th, followed by MV Green Ocean on January 30th.  Please see below for an overview of the first four departure times: MV Green Sea (January 24th), MV Green Ocean (January 30th) MV Green Sea (February 7th), MV Green Ocean (February 13th).  Note: Shipments to/from the USA, Canada, and Mexico are currently restricted for legal reasons.”

“Rotterdam | April 8, 2026 – Hanseatic Global Terminals and Grupo Empresas Navieras, through its affiliate Agunsa USA, Inc. (AGUNSA), have completed the capital structure adjustment of Florida International Terminal, LLC (FIT), operator of the Florida International Terminal. With this transaction finalized, Hanseatic Global Terminals has become the sole member of FIT. The transaction also aligns with AGUNSA’s strategic focus on streamlining its portfolio by exiting minority positions.  The Florida International Terminal is strategically located in Port Everglades, South Florida, serving one of the largest consumer markets globally. The terminal specializes in container and general cargo handling and provides direct connectivity to major highways and rail networks, ensuring efficient inland and intermodal transportation and access to the region’s hinterland.  Established in 2023, Hanseatic Global Terminals operates as an independent entity within the Hapag-Lloyd Group, focusing on terminals and infrastructure. With a clear vision for 2030, Hanseatic aims to grow from 21 port terminals to approximately 30 globally, reinforcing its position as a leading terminal operator.

About Hanseatic Global Terminals

Hanseatic Global Terminals (HGT) is a fully owned subsidiary of Hapag-Lloyd. Operating from Rotterdam, HGT manages a portfolio of stakes in 21 port terminals and complementary logistics services across 11 countries and five continents, with plans to expand its stakes to over 30 terminals by 2030. Spanning key regions, its portfolio comprises port terminals and related logistics services operated by Hanseatic Global Terminals Latin America in Latin America and Florida (USA), and, in the booming Indian market, it is present through the container terminals, depots and rail business of J M Baxi, India’s largest integrated terminal and logistics provider. Additionally, HGT’s presence in strategic European hubs, such as Germany, France and the Mediterranean, enhances its global network and allows it to offer seamless, efficient logistics and supply chain solutions to customers worldwide.”

Havana (EFE) 15 May 2026: “The two international shipping companies that maintain operations with Cuba—Germany’s Hapag-Lloyd and France’s CMA CGM—have stopped accepting new orders linked to the island while they await an analysis of the potential consequences of the U.S. Executive Order expanding sanctions against Havana.

Link: https://efe.com/economia/2026-05-15/cuba-sanciones-empresas-navieras-industria-transporte-maritimo/ 

As confirmed to EFE by several industry sources who preferred to remain anonymous, both companies—which do not have a physical presence on the island but instead operate through agents—have taken measures to freeze, at least temporarily, the booking of cargo space. This development was first reported by the Cuban-American media outlet Cibercuba. 

Specifically, Hapag-Lloyd has issued what the industry terms a "stop booking" order. This measure has been in effect since last Wednesday and will remain in place—at the latest—until June 5. This date coincides with the deadline set by U.S. authorities for companies potentially affected by the new Executive Order to cease their activities linked to Cuba.  Industry experts clarify that "stop booking" orders are temporary measures—which can sometimes stem from technical issues (Hapag-Lloyd issued one last January due to congestion at a port)—and should be viewed more as a preventive action than as a precursor to a definitive decision. 

For its part, CMA CGM’s agent in Cuba has not yet received clear instructions from the French shipping line; however, according to industry sources, its operating system currently appears to be rejecting new bookings linked to the island.  Cuba’s maritime transport industry has a direct link to Gaesa—the business conglomerate of the Revolutionary Armed Forces (FAR)—which is responsible for at least 40% of the country's Gross Domestic Product (GDP), according to independent estimates, and was recently sanctioned under the latest U.S. Executive Order targeting Cuba.  In addition to controlling the tourism sector, domestic commerce in foreign currency, a portion of domestic transport, fuel distribution, and telecommunications, Gaesa is also in charge of ports, maritime terminals, customs services, and the Mariel Special Development Zone (ZEDM).”

Link To Related Analysis 

Crowley Maritime Of Jacksonville, Florida, Settles Cuba Libertad Act III Lawsuit For Use Of Port Mariel May 12, 2026

LINK TO COMPLETE ANALYSIS IN PDF FORMAT

Canada's Sherritt Reports That "dissolution [of GNC] is required as a result of a material adverse change that is an immediate change under the MSA and that there is inadequate time for arbitration"

TORONTO – Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) provides a further update with respect to its decision of May 7, 2026 to suspend its direct participation in joint venture activities in Cuba in light of the Executive Order issued by the U.S. administration on May 1, 2026 expanding its sanctions against Cuba (the “Executive Order”).

Sherritt’s interests in Cuba consist of:

    A 50/50 partnership with General Nickel Company S.A. (“GNC”) of Cuba (the “Moa JV”). The Moa JV is a vertically integrated joint venture that mines, processes and refines nickel and cobalt for sale worldwide (except in the United States). Three corporations, of which Sherritt and GNC each ultimately holds 50%, carry out the operations of the Moa JV with one such entity carrying out mining activities in Cuba and the other such entity arranging for the acquisition and processing of the mined ore and marketing the finished products (collectively, the “Moa JV Cuba Corporations”) and one entity owning and operating the nickel and cobalt refinery in Saskatchewan (the “Canada Refinery Corporation”).

    Power generating assets held through Sherritt’s one-third interest in Energas S.A. (“Energas”), a Cuban joint venture established to process raw natural gas and generate electricity for sale to the Cuban national electrical grid.

    Oil and gas interests in two production-sharing contracts, each in the exploration phase (the “PSCs”), and an ancillary drilling services contract.

The Moa JV is governed by a shareholders’ agreement (the “Moa Shareholders’ Agreement”) which allows Sherritt to dissolve the Moa JV if U.S. sanctions are extended such that Sherritt cannot reasonably carry on a material business activity if it remains part of the Moa JV. The dissolution process under the Moa Shareholders’ Agreement requires the parties to mutually determine the fair market value of each of the Moa JV Cuba Corporations and the Canada Refinery Corporation and, if they cannot agree after three months, to have the matter determined by arbitration. After much deliberation, Sherritt has determined that the only way to preserve its ability to do business is by invoking its dissolution rights under the Moa Shareholders’ Agreement and implementing the related steps without delay.

Accordingly, Sherritt intends to deliver notice to GNC that dissolution is required as a result of a material adverse change that is an immediate change under the Moa Shareholders’ Agreement and that there is inadequate time for arbitration. Given the urgency of the adverse impacts of the Executive Order on the Corporation, Sherritt requires that the dissolution of the Moa JV take place immediately so as to result in Sherritt becoming the sole owner of the Canada Refinery Corporation and in GNC becoming the sole owner of the Moa JV Cuba Corporations. In connection with the foregoing, Sherritt will relinquish its interests in the Moa JV Cuba Corporations. As the value of the Moa JV Cuba Corporation that owns the Moa JV mine is expected to be higher than the value of the Canada Refinery Corporation, the dissolution process is expected to result in a fair market value equalization payment owing from GNC to Sherritt, in addition to the approximately $277 million owed from GNC to Sherritt.

Similarly, the Energas Association Agreement (the “Energas Agreement”) contains a dissolution provision in the event the parties are unable to perform specified obligations under the agreement or upon the occurrence of a force majeure. Sherritt has determined, in the circumstances, to surrender its interest in Energas and to give notice of dissolution pursuant to the Energas Agreement. Sherritt has also determined to surrender its interests in the PSCs and drilling services contract and intends to give notice to the relevant parties of the same. Sherritt anticipates that it will receive no consideration in respect of the foregoing interests.

While both the Moa Shareholders’ Agreement and the Energas Agreement contemplate dissolution, the process contemplated by the agreements will take a minimum of several months and possibly several years. To expedite this process, Sherritt has determined to seek relief from the Alberta Court of King’s Bench to facilitate accelerated dissolution to the extent possible. Sherritt is scheduled to appear before the Court on May 19, 2026 to seek this relief.

The intended outcome of the foregoing actions is to allow Sherritt to most definitively address the Executive Order by eliminating Sherritt’s Cuban interests. Further, the separation from Cuba may assist Sherritt in addressing issues that could arise from the Executive Order such as difficulties in obtaining an auditor or banking services. Sherritt has informed Cuban authorities of its intent to take these steps, and will work with its stakeholders to implement these steps as soon as practicable. There is no certainty however that such outcomes will be achieved.

The Corporation will continue to provide information on material developments to its shareholders and other stakeholders.

About Sherritt

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.

Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.

Forward-Looking Statements

Certain statements and other information included in this press release may constitute “forward -looking information” or “forward-looking statements” (collectively, “forward-looking statements”) under applicable securities laws (such statements are often accompanied by words such as “anticipate”, “forecast”, “expect”, “believe”, “may”, “will”, “should”, “estimate”, “intend” or other similar words). All statements in this press release, other than those relating to historical information, are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the impact on Sherritt of the Executive Order; the dissolution of the Moa JV and implementation of related steps, including recovery of amounts from GNC; the dissolution and surrender of the Corporation’s interests in Energas, the PSCs and the drilling services contract and implementation of related steps; the outcome of the relief being sought by the Corporation from the Alberta Court of Kings Bench; and the intended outcome of the actions taken by Sherritt to surrender its Cuban interests.

The Corporation cautions readers of this press release not to place undue reliance on any forward-looking statement as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements. Such factors include, without limitation, continued risks related to Sherritt’s operations in Cuba and future actions taken by the U.S. government toward Cuba, including with respect to the Executive Order; level of liquidity of Sherritt, including access to capital and financing; the risk to or loss of Sherritt’s entitlements to future distributions (including pursuant to the Cobalt Swap) from the Moa JV; the inability of the Corporation to comply with debt restrictions and covenants; the inability of the Corporation to comply with the listing requirements of the Toronto Stock Exchange or another recognized stock exchange; uncertainty in the ability of the Corporation to enforce legal rights in foreign jurisdictions including as it relates to the intended outcome of dissolving and surrendering the Corporation’s interests in Cuba; uncertainty regarding the interpretation and/or application of the applicable laws in foreign jurisdictions; tax risks, including as it relates to the dissolution and surrender of the Corporation’s interests in Cuba and implementation of related steps; political, economic and other risks of foreign operations; security market fluctuations and price volatility; risks related to environmental liabilities including liability for reclamation costs, tailings facility failures and toxic gas releases; compliance with applicable environment, health and safety legislation and other associated matters; risks associated with governmental regulations regarding climate change and greenhouse gas emissions; risks relating to community relations; maintaining social license to grow and operate; risks associated with the operation of large projects generally; the ability to replace depleted mineral reserves; risks associated with the Corporation’s joint venture partners; risks associated with mining, processing and refining activities; reliance on key personnel and skilled workers; risks related to the Corporation’s corporate structure; foreign exchange and pricing risks; credit risks; future market access; interest rate changes; risks in obtaining insurance; uncertainties in labour relations; legal contingencies; risks related to the Corporation’s accounting policies; uncertainty in the ability of the Corporation to obtain government permits; failure to comply with, or changes to, applicable government regulations. The key risks and uncertainties should be considered in conjunction with the risk factors described in the Corporation’s other documents filed with the Canadian securities authorities, including without limitation the “Managing Risk” section of the Management’s Discussion and Analysis for the three months and year ended December 31, 2025 and the Annual Information Form of the Corporation dated March 23, 2026 for the period ending December 31, 2025, which is available on SEDAR+ at www.sedarplus.ca. The forward-looking information and statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any oral or written forward-looking information or statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.

Trump Administration Cuba Sanctions Hits Another Canada-Connected Target: Accounting Firm Deloitte LLP Resigns From Sherritt Account

TORONTO – Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) announces that Deloitte LLP has formally resigned as the Corporation’s external auditor, effective May 12, 2026. The resignation was not the result of any disagreement between the Corporation and Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. Deloitte’s reports on the Corporation’s previously issued financial statements did not contain any adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles. Sherritt has commenced a request for proposal process for external audit services to identify a successor auditor. However, the Executive Order (as defined below) may affect the availability of, or willingness of, certain external audit firms to accept an engagement with the Corporation and may lengthen the time required to identify and appoint a successor auditor.

The Corporation also announces that Yasmin Gabriel has resigned as Chief Financial Officer of the Corporation, effective today. The Corporation thanks Ms. Gabriel for her many years of committed service and valued contributions and wishes her well in her future endeavors.

Filing of Quarterly Financial Statements

As a result of the foregoing developments, the Corporation anticipates that it will be unable to file its first quarter 2026 financial statements, management’s discussion and analysis and related officer certifications on May 15, 2026. Accordingly, it anticipates that the Ontario Securities Commission will issue a Failure to File Cease Trade Order (“FFCTO”). The FFCTO would prohibit trading in the Corporation’s securities in Canada, including through the Toronto Stock Exchange, and would remain in effect until the required documents are filed.

Sherritt’s ability to complete its quarterly filings has been constrained by the above-noted resignations and by recent operational and governance disruptions as a result of the U.S. administration’s issuance of an Executive Order on May 1, 2026 expanding sanctions against Cuba (the “Executive Order”).

The Corporation is seeking to mitigate these constraints and will continue to provide information on material developments to its shareholders and other stakeholders.

About Sherritt

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.  Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.

Forward-Looking Statements

Certain statements and other information included in this press release may constitute “forward -looking information” or “forward-looking statements” (collectively, “forward-looking statements”) under applicable securities laws (such statements are often accompanied by words such as “anticipate”, “forecast”, “expect”, “believe”, “may”, “will”, “should”, “estimate”, “intend” or other similar words). All statements in this press release, other than those relating to historical information, are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the request for proposal process; the appointment of a new external auditor; the Corporation’s first quarter 2026 financial results; and the issuance of the FFCTO.

The Corporation cautions readers of this press release not to place undue reliance on any forward-looking statement as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements. The key risks and uncertainties should be considered in conjunction with the risk factors described in the Corporation’s other documents filed with the Canadian securities authorities, including without limitation the “Managing Risk” section of the Management’s Discussion and Analysis for the three months and year ended December 31, 2025 and the Annual Information Form of the Corporation dated March 23, 2026 for the period ending December 31, 2025, which is available on SEDAR+ at www.sedarplus.ca. The forward-looking information and statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any oral or written forward-looking information or statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.

Wikipedia: “Deloitte is a multinational professional services network based in London, England. It is the largest professional services network in the world by revenue and number of employees, and is one of the Big Four accounting firms, along with EY, KPMG, and PwC. The Deloitte network is composed of member firms of Deloitte Touche Tohmatsu Limited, a private company limited by guarantee incorporated in England and Wales.”

Subtle Change? U.S. Secretary Of State Rubio About Current Government Of Cuba Officials Implementing Economc Changes Is Not Optimistic, But "We’ll give them a chance."

United States Department of State
Washington DC
14 May 2026

Aboard Air Force One
Secretary of State Marco Rubio With Sean Hannity of Fox News Channel

QUESTION:  Yeah.  Let’s go to the Western Hemisphere.  And what is the relationship with Venezuela?  And I know it’s got to be an issue near and dear to your heart.

SECRETARY RUBIO:  Yeah.

QUESTION:  I know your family background, and that’s Cuba. 

SECRETARY RUBIO:  Well, on Venezuela it’s been four months, so I think we’ve made some steady progress on improving Venezuela.  Look, we’re trying to normalize that place.  This is a place where – a country of incredible wealth, but all the wealth was being stolen.  It wasn’t going to benefit the Venezuelan people.  So we’ve created mechanisms.  All the money they make on oil now goes into a bank account in New York, and it’s audited by KPMG, and it’s being used to pay the salaries of teachers and firefighters and police officers and university professors.  So for the first time in over a decade, the wealth of the country is actually benefitting the people of Venezuela.  But there’s more work to be done. 

Ultimately, as we work through this process, we will have to reach a stage of transition where you’re going to have to normalize your government.  There’s going to have to be a process that’s legitimate that people look at and say this is – this is a legitimate, permanent government – presidency, elections, things of that nature.  That moment has to arrive, but it has to be – we don’t want to wait too long.  We want to see it happen.  But you don’t want to move too fast either because the whole thing can break.  So it’s a difficult thing to manage, but it’s only four months in, and I’m very – I think we should be pleased.  Venezuela is a better place today than it was four months ago, but it needs to continue to stay on that path.

And the case of Cuba is a very different situation.  There is no economy in Cuba.  To the extent there’s any wealth in Cuba, it doesn’t go – it doesn’t – forget about it doesn’t go to the people.  It doesn’t even go to the government.  The wealth is controlled by a private – by a company owned by military generals.  They take all the money.  They’re sitting on billions of dollars, okay?  This is a country where people are literally now eating garbage from the streets, but they have a company that controls all of the moneymaking there that’s sitting on $15-16 billion.

So it’s a broken, nonfunctional economy, and it’s impossible to change it.  I wish it were different.  But I believe – it’s my personal opinion – you cannot change the economic trajectory of Cuba as long as the people who are in charge of it now are in charge of it.  That’s what’s going to have to change because these people have proven incapable.  I hope I’m wrong.  We’ll give them a chance.  But I don’t think it’s going to happen.  I don’t think we’re going to be able to change the trajectory of Cuba as long as these people are in charge in that regime.

QUESTION:  If these people are not in charge, I mean, I can envision American wealth and companies – it would be – it could become —

SECRETARY RUBIO:  Yeah, I —

QUESTION:  — the destination —

SECRETARY RUBIO:  The one thing Cuba would enjoy is an enormous expatriate community, Cuban Americans that would go back and invest.  But I think there would be interest globally.  Look, they have significant mineral deposits in Cuba.  One of the – and some of the rare earth minerals, some of the best in the world.  They have, obviously, an incredible opportunity with tourism, with agriculture – very rich farmland.  So Cuba should not be a poor country.  Its people should not be starving.  Its people should be prosperous.  And what’s most interesting is you see Cubans everywhere in the world – in the United States, but you see them in Europe, you see them in Panama.  Cubans leave Cuba, they go to other countries, and they become successful.  The only place in the world where Cubans can’t seem to prosper and succeed is in Cuba.

DHS Reminds That Cuba Is On List Of Countries "assessed and not maintaining effective antiterrorism measures"

Department of Homeland Security
Washington DC

[Docket No. USCG-2025-0097]
AGENCY: Coast Guard, DHS.
ACTION: Notice.
SUMMARY: The U.S. Coast Guard announces that it is revoking port facility exemptions from the Port Security Advisory for Equatorial Guinea.
DATES: The policy announced in this notice is effective on May 27, 2026.
FOR FURTHER INFORMATION CONTACT: For information about this document call or email Mr. Edward Munoz, Division Chief, International Port Security Assessments, U.S. Coast Guard, telephone 202-372-2122, HQS-DG-IPSProgramHQs@uscg.mil.
SUPPLEMENTARY INFORMATION: Background and Purpose

The authority for this notice is 5 U.S.C. 552(a) (“Administrative Procedure Act”), 46 U.S.C. 70110 (“Maritime Transportation Security Act”), and Department of Homeland Security Delegation No. 0170.1(II)(97)(f). As delegated, section 70110(a) authorizes the U.S. Coast Guard to impose conditions of entry on vessels arriving in U.S. waters from ports that the U.S. Coast Guard has not found to maintain effective antiterrorism measures.

Effective antiterrorism measures require government oversight and security functions like risk assessments, drills, enforcement, and intelligence sharing cannot be delegated to individual facilities. Without proper oversight, exempted facilities may lack the necessary approvals, enforcement mechanisms, and broader security coordination, increasing vulnerabilities to the marine transportation system. The U.S. Coast Guard has determined that the government of Equatorial Guinea lacks proper oversight of its facilities. Accordingly, the U.S. Coast Guard is revoking port facility exemptions for Equatorial Guinea. With this notice, the current list of countries assessed and not maintaining effective antiterrorism measures is as follows: Cambodia, Cameroon, Comoros, Cuba, Democratic People's Republic of Korea (North Korea), Equatorial Guinea, Gambia (The), Guinea-Bissau, Iran, Iraq, Libya, Madagascar, Micronesia (Federated States of), Nauru, Nigeria, Sao Tome and Principe, Seychelles, Sudan, Suriname, Syria, Timor-Leste, Venezuela, and Yemen. The current Port Security Advisory is available at: http://www.dco.uscg.mil/Our-Organization/Assistant-Commandant-for-Prevention-Policy-CG-5P/International-Domestic-Port-Assessment/.

Nathan A. Moore, Vice Admiral, Deputy Commandant for Operations, U.S. Coast Guard.
[FR Doc. 2026-09503 Filed 5-12-26; 8:45 am] BILLING CODE 9110-04-P

Crowley Maritime Of Jacksonville, Florida, Settles Cuba Libertad Act III Lawsuit For Use Of Port Mariel

ODETTE BLANCO DE FERNANDEZ née BLANCO ROSELL, Plaintiff, v. CROWLEY MARITIME CORPORATION, Defendant. [3:20-cv-01426 Middle District Florida; Transferred To Florida Southern District 1:21-cv-20443].  Case settled on 5 February 2026.

Murphy & Anderson, P.A. (plaintiff)
Berliner Corcoran & Rowe LLP (plaintiff)
Fields PLLC (plaintiff)
Law Offices of John S. Gaebe P.A. (plaintiff)
Horr, Novak & Skipp P.A. (plaintiff)
Venable LLP (defendant)

04/28/2026- PAPERLESS ORDER Dismissing Case with prejudice pursuant to 193 the Joint Stipulation of Dismissal with Prejudice. Signed by Judge Darrin P. Gayles on 4/28/2026. (hs01)04/24/2026 STIPULATION of Dismissal Joint Stipulation of Dismissal with Prejudice by Odette Blanco De Fernandez (Gaebe, John)
02/05/2026- PAPERLESS ORDER administratively closing case in light of 191 the Joint Notice of Confidential Settlement, which indicates that this matter has settled in principle. The parties are hereby notified that, within sixty (60) days of the date of this Order, they must file a Stipulation or Notice of Dismissal and/or Settlement Agreement along with any other pertinent document necessary to conclude this action. Any pending motions are denied as moot. Signed by Judge Darrin P. Gayles on 2/5/2026. (hs01) 
02/05/2026- NOTICE of Settlement Joint Notice of Confidential Settlement by Odette Blanco De Fernandez (Gaebe, John)

(2/5/26) JOINT NOTICE OF CONFIDENTIAL SETTLEMENT
Pursuant to S.D. Fla. L.R. 16.4, Plaintiff Odette Blanco de Fernandez née Blanco Rosell (“Plaintiff”) and Defendants Crowley Holdings, Inc., Crowley Maritime Corporation, Crowley Liner Services, Inc., Crowley Latin America Services, LLC, and Crowley Logistics, Inc. (“Defendants”) (collectively, the “Parties”), by and through their respective undersigned counsel, hereby notify the Court as follows: 1. The Parties participated in a mediation with Hon. Michael Hanzman (rtd.) of Bilzin Sumberg Baena Price & Axelrod LLP.  2. On January 30, 2026, the Parties reached a settlement in principle.  3. Having reached a settlement in principle, the Parties are in the process of preparing and executing a final settlement agreement. The Parties intend to have a final settlement agreement completed on or before March 4, 2026.  4. Upon execution of a final settlement agreement, the Parties will file a stipulation of dismissal.

(2/24/26) JOINT STIPULATION OF DISMISSAL WITH PREJUDICE
Plaintiff Odette Blanco de Fernandez née Blanco Rosell (“Plaintiff”) and Defendants Crowley Holdings, Inc.; Crowley Maritime Corporation; Crowley Liner Services, Inc.; Crowley Latin America Services, LLC; and Crowley Logistics, Inc., (“Defendants”) (collectively, the “Parties”), by and through their respective undersigned counsel, hereby stipulate as follows: 1. Pursuant to Federal Rule of Civil Procedure 41(a)(1)(A)(ii), the Parties stipulate to dismissal of this action, including all claims asserted herein, with prejudice as to all Defendants.

Link: Crowley Maritime Corporation Is 32nd Libertad Act Lawsuit- Plaintiffs Target Use Of ZEDM Port December 23, 2020

Link: Libertad Act Title III Lawsuit Filings Data/Statistics Since 2019

U.S. Ag/Food Exports To Cuba Decrease .85% For January-March 2026. Down 20.8% Year-To-Year. US$10.8 Million Vehicles And Parts. US$8.7 Million Fuels. US$18,490.00 Surfboard/Water Equipment

ECONOMIC EYE ON CUBA©
May 2026

March 2026 Ag/Food Exports To Cuba Increase .85% -
Year-To-Year Decrease 20.8%
51st Of 219 May 2026 U.S. Food/Ag Export Markets- 2
Year-To-Year Ranking 52nd Of 219 U.S. Ag/Export Markets- 2
Re-Emerging Private Sector Exports Continue To Increase – 3
Trump-Vance Administration Fuels Authorization- US$8,788,501.00
March 2026 CDA Healthcare Product Exports US$796,324.00 - 6
March 2026 Humanitarian Donations US$13,290,606.00 – 7
U.S. Port Export Data- 20

MARCH 2026 AG/FOOD EXPORTS TO CUBA INCREASE .85%- Exports of food products and agricultural commodities from the United States to the Republic of Cuba were US$36,967,947.00 in March 2026 compared to US$36,655,397.00 in March 2025 and US$40,624,058.00 in March 2024. 

US$102,799,469.00 thus far in 2026 compared with US$129,824,213.00 during the same period in 2025 representing a decrease of 20.8% year-to-year.

March 2026 highlights: US$527,132.00 (Fresh Eggs), US$335,578.00 (Waste Oils), Women’s Or Girls’ Dresses Synthetic Fibers (US$14,640.00), Building Blocks, Bricks Of Cement (US$2,600.00),

Since 2022, when the first BIS license was issued for the export of vehicles to Republic of Cuba nationals and to private companies in the Republic of Cuba, the cumulative export value of the initiatives in place during the Obama-Biden Administration, Trump-Pence Administration, Biden-Harris Administration, and Trump-Vance Administration exceeds US$427 million of which electric and gasoline-powered new and used vehicles, bicycles, trucks, motorcycles and mopeds, and parts, exceeds US$253 million (Year 2026: US$27,234,853.00; Year 2025: US$149,413,031.00; Year 2024: US$67,241,234.00; Year 2023: US$10,546,419.00; Year 2022: US$89,848.00), and purchases (equipment and products) for use by the re-emerging private sector in the Republic of Cuba driving the growth.

The data contains information on exports from the United States to the Republic of Cuba- products within the Trade Sanctions Reform and Export Enhancement Act (TSREEA) of 2000, Cuban Democracy Act (CDA) of 1992, and regulations implemented (1992 to present) for other products by the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury, Bureau of Industry and Security (BIS) of the United States Department of Commerce, and United States Department of State.

The TSREEA re-authorized the direct commercial (on a cash basis) export of food products (including branded food products) and agricultural commodities from the United States to the Republic of Cuba, irrespective of purpose. The TSREEA does not include healthcare products, which remain authorized and regulated by the CDA.

The data represents the U.S. Dollar value of product exported from the United States to the Republic of Cuba under the TSREEA, CDA, and other regulations, specifically including products exported from the United States to the re-emerging private sector in the Republic of Cuba.

The data does not include transportation charges, bank charges, or other costs associated with exports; the government of the Republic of Cuba reports unverifiable data that includes transportation charges, bank charges, and other costs.

LINK TO COMPLETE REPORT IN PDF FORMAT

LINK TO U.S. PORT EXPORT DATA (Update Soon)

LINK TO COMPLETE LIST OF PRODUCTS IN 2025 EXPORTED FROM THE UNITED STATES TO CUBA

LINK TO COMPLETE LIST OF PRODUCTS IN 2024 EXPORTED FROM THE UNITED STATES TO CUBA

Havana Times

Delta Air Lines Is Defendant In Cuba Libertad Act Title III Lawsuit For Use Of Airport In Cuba

IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF FLORIDA
CASE NO.: 25-25575-CIV-MORENO
JOSE RAMON LOPEZ REGUEIRO, Plaintiff, v. DELTA AIR LINES, INC., Defendant.

Rivero Mestre LLP (defendant)
Boies Schiller Flexner LLP (plaintiff)

11/26/25- THE ACTION
Jose Ramón López Regueiro sues defendant Delta Airlines, Inc. (“DAL”), under the Cuban Liberty and Democratic Solidarity Act, 22 U.S.C. § 6021, et seq. (the “Libertad Act”), for unlawful trafficking in his confiscated property in Cuba.

4/28/26- DELTA AIR LINES’ MOTION TO DISMISS AND CLAIM OF UNCONSTITUTIONALITY
Since 2016, the United States government has expressly authorized Defendant Delta Air Lines to provide scheduled flights from the U.S. to the José Martí International Airport in Havana (the “Airport”). Over the next decade, Delta’s Havana flights allowed countless Americans to engage in licensed travel to Cuba, consistent with federal policy. Now, six years after intimating that he would sue Delta and six years after he launched similar claims against other airlines, Plaintiff Jose Ramon Lopez Regueiro now asserts that Delta’s approved use of the Airport constitutes trafficking in confiscated property. Lopez Regueiro’s reluctance to sue Delta was warranted because his suit is legally barred many times over.

First, Lopez Regueiro acquired his uncertified claim (the “Claim”) too late. The Helms-Burton Act required him to acquire the Claim before March 12, 1996. But documents attached to the Complaint reveal that he had no possession or control of any claim until at the earliest 2010.  Indeed, the Complaint and its attachments reveal that Lopez Regueiro was a Cuban National who could not have inherited any assets from Jose Lopez Vilaboy (who died in the United States) before 1996, because the Cuban sanctions regime blocked such transfers.

Second, this suit is barred by Delta’s own certified claim. Indeed, this is the first Helms-Burton suit brought against a certified claimant by someone with an uncertified claim including the same property. Here, Plaintiff Lopez Regueiro alleges that he inherited an uncertified claim to the Airport. He asserts that Delta “trafficked” in that Airport by flying to it. But in 1962, the Cuban government confiscated Delta’s property in Cuba—including offices at the Airport—and the United States Foreign Claims Settlement Commission (“FCSC”) certified Delta’s claim to that confiscated property. The Helms-Burton Act was intended to benefit certified claimholders, not to expose them to suits by those lacking such claims.

Third, the suit also fails as a matter of law because, on its face, it alleges only that Delta engaged in lawful travel to Cuba, based on judicially noticeable federal orders expressly authorizing Delta to use this Airport.

Fourth, if the case cannot be resolved on these statutory grounds, the suit must be dismissed because the Helms-Burton Act’s private right of action is unconstitutional: Congress may not create a right of action that can be “suspended” at will by the President, as is the case here.

Complaint

Defendant Motion To Dismiss

Libertad Act Title III Lawsuit Filings Data/Statistics Since 2019

Iberostar Of Spain Settles Cuba Libertad Title III Lawsuit. European Union Tested Limits Of U.S. Courts.

MARIA DOLORES CANTO MARTI, AS PERSONAL REPRESENTATIVE OF THE ESTATES OF DOLORES MARTI MERCADE AND FERNANDO CANTO BORY V. IBEROSTAR HOTELES Y APARTAMENTOS SL [1:20-cv-20078; Southern Florida District; 21-11906 11th Circuit Court of Appeals] 

Zumpano Patricios P.A. (plaintiff)
Bird & Bird (defendant)
Holland & Knight (defendant) 

JOINT NOTICE OF SETTLEMENT 
Plaintiffs1 and Defendants2 (collectively, the “Parties”) reached a confidential settlement at the mediation held by Mediator Barbara Locke on August 25, 2025. All parties have signed a Binding and Confidential Settlement Term Sheet and anticipate executing a more formal confidential Settlement Agreement by next week. Upon executing the more formal confidential Settlement Agreement, the Parties will file a joint dismissal of this action with prejudice, with the Court retaining jurisdiction to enforce the terms of the settlement set forth in the Binding and Confidential Settlement Term Sheet and/or more formal Settlement Agreement.  Dated: August 29, 2025

JOINT STIPULATION BY ALL PARTIES FOR DISMISSAL WITH PREJUDICE 
Plaintiffs1 and Defendants2 (collectively, the “Parties”), by and through undersigned counsel and pursuant to Federal Rule of Civil Procedure 41(a)(1)(A)(ii) and the terms of their Binding and Confidential Settlement Term Sheet and Confidential Settlement Agreement, hereby stipulate to the dismissal, with prejudice, of this action subject to the Court’s entry of an order referenced in the next sentence. The effectiveness of this stipulation of dismissal is conditioned upon the Court’s entry of an order retaining jurisdiction to enforce the terms of the parties’ settlement agreement.  Dated: September 8, 2025

ORDER OF DISMISSAL 
The parties have dismissed this suit with prejudice in accordance with Federal Rule of Civil Procedure 41(a)(1)(A)(ii). (Joint Stip. for Dismissal, ECF No. 240.) The Court reserves jurisdiction to enforce the parties’ settlement agreement. The Court directs the Clerk to close this case. All pending motions, if any, are denied as moot.  Done and ordered in Miami, Florida, on September 9, 2025.

09/09/2025- Order of Dismissal (With Prejudice) Case Closed.   Signed by Senior Judge Robert N. Scola, Jr on 9/9/2025. See attached   document for full details. (gqa)
09/08/2025- STIPULATION of Dismissal Joint Stipulation by All   Parties For Dismissal with Prejudice by Roseanne Bradford, Enrique Canto   Marti, Fernando Jose Ignacio Canto Marti, Graciela Maria Canto Marti, Javier   Enrique Canto Marti, Maria Dolores Canto Marti, Roberto Jose Canto Marti,   Bernard Zumpano, Carlos Zumpano, Daniel Zumpano, Joseph Zumpano (Zumpano, Joseph)
08/29/2025- Order Administratively Closing Case upon Notice of   Settlement. By September 26, 2025, the Plaintiffs must file a stipulation of   dismissal, under Federal Rule of Civil Procedure 41(a)(1)(A)(ii), or a motion   to dismiss, consistent with Rule 41(a)(2). Signed by Senior Judge Robert N.   Scola, Jr on 8/29/2025. See attached document for full details. (gqa)   
08/29/2025- FINAL MEDIATION REPORT held before Mediator Barbara Locke.   Prepared by: Barbara Locke. Filed by Barbara Locke. Disposition: Settled in   full. Mediation held/partially held via video-conference. (Locke, Barbara) 
08/29/2025- NOTICE of Settlement (Joint with Defendants) by   Roseanne Bradford, Enrique Canto Marti, Fernando Jose Ignacio Canto Marti,   Graciela Maria Canto Marti, Javier Enrique Canto Marti, Maria Dolores Canto   Marti, Roberto Jose Canto Marti, Bernard Zumpano, Carlos Zumpano, Daniel  Zumpano, Joseph Zumpano (Patricios, Leon) 

Canto Marti v. Iberostar Hoteles Y Apartamentos SL   
Assigned to: Senior Judge Robert N. Scola, Jr   
Referred to: Magistrate Judge Enjolique A. Lett (Settlement)
Case in other court: USCA, 21-11906-AA
Cause: 22:6082 Cuban Liberty and Democratic Solidarity Act   of 1996
Date Filed: 01/08/2020   
Date Terminated: 08/29/2025   
Jury Demand: Plaintiff   
Nature of Suit: 890 Other Statutory Actions   
Jurisdiction: Federal Question

Libertad Act Title III Lawsuit Filings Data/Statistics Since 2019

Links

Iberostar Hoteles Of Spain Sued By Former Property Owner In Cuba Using Libertad Act April 17, 2020 

EC Now Has To Decide What It Perhaps Doesn’t Want To Decide- Iberostar Of Spain Libertad Act Lawsuit Is First To Report U.S. Court Recognizing EC’s Interest In Title III Lawsuits April 26, 2020 

Libertad Act Lawsuit Against Iberostar Of Spain Returns To Circuit Court. International Comity Does Not Tolerate Inaction For Three Years. Iberostar, IHG Forge Alliance- Except Cuba Properties. March 01, 2023

American Airlines Settles Cuba Libertad Act Title III Lawsuit Relating To Jose Marti International Airport In Havana

JOSE RAMON LOPEZ REGUEIRO V. AMERICAN AIRLINES INC. AND LATAM AIRLINES GROUP, S.A. [1:19-cv-23965; Southern Florida District].  Dismissed with prejudice on 6/30/22; Settlement 2/19/26

Rivero Mestre LLP (plaintiff)
Manuel Vazquez, P.A. (plaintiff)
Jones Day (defendant)
Akerman (defendant)

03/03/2026- STIPULATION of Dismissal with Prejudice by Jose Ramon Lopez Regueiro (Rivero, Andres)
02/19/2026- ORDER on Notice of Settlement. The above-styled action is administratively CLOSED without prejudice to the parties to file a Stipulation for Dismissal within thirty (30) days of the date of this Order. Signed by Judge Jose E. Martinez on 2/19/2026. See attached document for full details. (blc) 
02/19/2026- NOTICE of Settlement Joint Notice of Settlement by American Airlines Inc. (Puente, Ricardo)

JOINT STIPULATION OF DISMISSAL WITH PREJUDICE 
Pursuant to Federal Rule of Civil Procedure 41(a)(1)(A)(ii), Plaintiff Jose Ramon Lopez-Regueiro and American Airlines, Inc., by and through their respective undersigned counsel, hereby stipulate to the dismissal with prejudice of all claims in the above-captioned action, with each party to bear his or its own attorneys’ fees and costs.  Dated: March 3, 2026

JOINT NOTICE OF SETTLEMENT
PLEASE TAKE NOTICE that Plaintiff, Jose Ramon Lopez-Regueiro and Defendant, American Airlines, Inc. (“American”), have settled the above-referenced case. The parties anticipate filing a Joint Stipulation of Dismissal with Prejudice within the next two to three weeks after final payment under the settlement agreement has been made.  Dated: February 19, 2026

ORDER ON NOTICE OF SETTLEMENT
THIS CAUSE came before the Court on the parties' Joint Notice of Settlement [ECF No. 240]. Accordingly, it is: ORDERED AND ADJUDGED as follows: The above-styled action is administratively CLOSED without prejudice to the parties to file a Stipulation for Dismissal within thirty (30) days of the date of this Order.  If the parties fail to complete the expected settlement, either party may request the Court to reopen the case.  The Clerk shall CLOSE this case for administrative purposes only. Any pending motions are DENIED AS MOOT.  DONE AND ORDERED in Miami, Florida, this 19th day of February 2026.

Libertad Act Title III Lawsuit Filings Data/Statistics Since 2019

Links To Related Updates 

11th Circuit Court Of Appeals Orders Florida District Court To Continue Cuba Libertad Act Lawsuit Against American Airlines For Use Of Havana Airport August 08, 2025

Libertad Act Title III Lawsuit Against American Airlines Dismissed With Prejudice By Judge. July 01, 2022

American Airlines Libertad Act Lawsuit Update: Plaintiff Wants Discovery; Defendant Wants To Wait October 11, 2020

Elder Needs Law

U.S. Fuels And Oils Exports To Cuba Were US$11,624,773.00 From January 2026 Through March 2026

LINK To Document in pdf format

President Trump Claimed One Political Scalp. A Second May Not Be Far Off. Title IV And SDN List Are Weapons Of Mass Destruction Against Cuba To Coerce Companies To Withdraw. This Company Next?

Title IV And SDN List Are New Weapons For Trump-Vance Administration To Coerce Non-United States-Based Companies To Withdraw From The Republic Of Cuba Marketplace 

Denial Of Visas And Access To Banking Can Be A Powerful Tool 

President Trump Has Already Claimed A Political Scalp- Prime Minister Mark Carney Of Canada. 

President Trump Next Aiming For Second Political Scalp- Prime Minister Pedro Sanchez Of Spain 

Given the animus by Donald Trump, President of the United States (2017-2021 and 2025-2029), toward Pedro Sanchez, Prime Minister of Spain (EU, NATO), not unanticipated would be for Palma de Mallorca, Spain-based Meliá Hotels International, S.A. (2025 revenue approximately US$2.3 billion) to be listed as a Specially Designated National (SDN) by the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury.   

In 2020, during the Trump-Pence Administration (2017-2021), Melia Hotels International S.A. received a Title IV letter (revoking travel visas) from the United States Department of State.   

• Link: Spain's Melia Hotels International CEO Confirms He Is Restricted From Entering United States Due To Libertad Act Title IV Letter; Says 50 Other Companies Impacted February 05, 2020 

Melia Hotels International S.A. has been a defendant in lawsuits for its use of properties in the Republic of Cuba which plaintiffs maintain are used without authorization or compensation.  One lawsuit was filed in Spain, and one lawsuit was filed in the United States. 

Melia Hotels International S.A. manages approximately 380 properties worldwide including two in the United States: INNSiDE by Melia New York NOMAD in New York City, New York, and Melia Orlando Celebration in Orlando, Florida.  The company is the largest operator of properties in the Republic of Cuba.  United States-based institutional investments are shareholders in Melia Hotels International S.A.  In 2019, United States-based shareholders controlled approximately 10% of the company. 

Including Melia Hotels International S.A. on the SDN list or using related policies, regulations, and statutes to target the company may be in place prior to the G7 Leaders’ Summit scheduled for 15 June 2026 to 17 June 2026 in Évian-les-Bains, France.  The host is Emmanuel Macron, President of the Republic of France (2017-2027).  Prime Minister Sanchez is expected to be invited, as in previous years.   

Sanctioning further Melia Hotels International S.A. would represent use of a very public political cudgel by President Trump to inflict upon Prime Minister Sanchez… with the satisfaction of Prime Minister Carney in the same room.  President Trump would not shed tears if Toronto, Canada-based Sherritt International Corporation (2025 revenue approximately US$422 million) declares bankruptcy.   

Title IV of the Cuban Liberty and Democratic Solidarity Act of 1996 (known as “Libertad Act”) has for thirty years been a quietly used tool in a very public political toolbox.  Although the use of Title III of the Libertad Act was suspended until 2019, Title IV letters from the United States Department of State continued to flow.   

The Clinton-Gore Administration (1993-2001), Bush-Cheney Administration (2001-2009), Obama-Biden Administration (2009-2017), Trump-Pence Administration (2017-2021), Biden-Harris Administration (2021-2025), did not robustly use Title IV.  Thus far, the Trump-Vance Administration (2025-2029) has not publicly confirmed its use of Title IV.  However, given the events of last week, that may be changing. 

Since 1996, approximately ten companies reportedly received Title IV letters from the United States Department of State. 

In 1996, during the Clinton-Gore Administration, executives (including their spouses, minor children, or agents) of Sherritt International Corporation were targeted by Title IV. 

Title IV Of The Cuban Liberty and Democratic Solidarity Act of 1996   

“Title IV: Exclusion of Certain Aliens - Directs the Secretary of State to deny a visa to, and the Attorney General to exclude from the United States, aliens (including their spouses, minor children, or agents) involved in the confiscation of property, or the trafficking in confiscated property, owned by a U.S. national. Provides for a case-by-case waiver of this exclusion for medical reasons or for purposes of litigation of a claim.” 

• “(a) Grounds for exclusion:  The Secretary of State shall deny a visa to, and the Attorney General shall exclude from the United States, any alien who the Secretary of State determines is a person who, after March 12, 1996—" 

• United States Department of State: “Title IV requires the denial of visas to and exclusion from the U.S. of persons who, after March 12, 1996, confiscate or "traffic" in confiscated property in Cuba claimed by U.S. nationals.  The objective of this provision is to protect the status of confiscated U.S. property and to support existing sanctions against the current regime.  The State Department reviews a broad range of economic activity in Cuba to determine the applicability of Title IV.  The results of this effort appear not only in the actual determinations of "trafficking," but also in the deterrent to investment in confiscated U.S. property and in the increasing uncertainly of investing in Cuba.” 

On 4 May 2026, Sherritt International Corporation issued a statement that the company was “consulting with its advisors and stakeholders to assess the potential implications of the Executive Order and is considering appropriate next steps as they relate to the Corporation’s Cuban interests.” 

On 7 May 2026, Sherritt International Corporation issued a statement that the company “has suspended its direct participation in joint venture activities in Cuba, effective immediately. Sherritt is taking steps to repatriate Sherritt’s expatriate employees in Cuba and Sherritt has requested that partners repatriate their expatriate personnel in Canada. Sherritt has communicated such decisions in a letter to its Cuban partners.” 

Within hours of the 7 May 2026 statement by the company, the company’s joint venture operating in the Republic of Cuba was listed as a Specially Designated National (SDN) by the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury. 

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES 

“(4 May 2026) TORONTO – Sherritt International Corporation (“Sherritt” or the “Corporation“) (TSX:S) announced that on May 1, 2026, the U.S. administration issued an Executive Order expanding its sanctions against Cuba. Sherritt is consulting with its advisors and stakeholders to assess the potential implications of the Executive Order and is considering appropriate next steps as they relate to the Corporation’s Cuban interests. 

About Sherritt 

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America. Sherritt’s Moa Joint Venture produces cost competitive critical minerals while maintaining high sustainability standards and has an estimated mine life of approximately 25 years.  The Corporation’s Power division, through its ownership in Energas, is the largest independent energy producer in Cuba, processing domestically sourced raw natural gas to generate electricity for sale to the Cuban national electrical grid. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.” 

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

“(7 May 2026) TORONTO – Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) provides the following update further to its May 4, 2026 news release regarding the Executive Order issued by the U.S. administration on May 1, 2026 expanding its sanctions against Cuba (the “Executive Order”). Brian Imrie, Richard Moat and Brett Richards have resigned from the Corporation’s Board of Directors effective immediately.

Sherritt has not been formally designated under the Executive Order. However, such a designation could occur at any time. In any event, the mere issuance of the Executive Order itself creates conditions that materially alter the Corporation’s ability to operate in the ordinary course, including activities related to Sherritt’s Cuban joint venture operations. 

Following consultation with its advisors, Sherritt has suspended its direct participation in joint venture activities in Cuba, effective immediately. Sherritt is taking steps to repatriate Sherritt’s expatriate employees in Cuba and Sherritt has requested that partners repatriate their expatriate personnel in Canada. Sherritt has communicated such decisions in a letter to its Cuban partners.

Currently, there is no immediate impact on operations in Fort Saskatchewan, Alberta. The refinery is continuing to produce finished nickel and cobalt for sale. The inventory of feed it has available for such production is expected to last until approximately mid-June.

The Executive Order, and any designation under the Executive Order, may also result in financial or other providers being unable or unwilling to continue to support Sherritt’s operation or other business activities.  Sherritt will continue to consult with its advisors and stakeholders as it assesses the implications of the Executive Order.” 

Cuban Liberty and Democratic Solidarity Act of 1996  

The Trump Administration has made operational Title III and further implemented Title IV of the Cuban Liberty and Democratic Solidarity Act of 1996 (known as “Libertad Act”).   

Title III authorizes lawsuits in United States District Courts against companies and individuals who are using a certified claim or non-certified claim where the owner of the certified claim or non-certified claim has not received compensation from the Republic of Cuba or from a third-party who is using (“trafficking”) the asset.   

Title IV restricts entry into the United States by individuals who have connectivity to unresolved certified claims or non-certified claims.   

Suspension History 

Title III was suspended every six months since the Libertad Act was enacted in 1996- by President William J. Clinton (1993-2001), President George W. Bush (2001-2009), President Barack H. Obama (2009-2017), and through the first two years of President Donald J. Trump (2017-2021).  President Joseph Biden (2021-2025) suspended again on 14 January 2025.  On 20 January 2025, President Donald J. Trump (2025-2029) reversed the suspension.   

• On 16 January 2019, The Honorable Mike Pompeo, United States Secretary of State, reported a suspension for forty-five (45) days. 

• On 4 March 2019, Secretary Pompeo reported a suspension for thirty (30) days. 

• On 3 April 2019, Secretary Pompeo reported a further suspension for fourteen (14) days through 1 May 2019. 

• On 17 April 2019, the Trump Administration reported that it would no longer suspend Title III. 

• On 2 May 2019, certified claimants and non-certified claimants were permitted to file lawsuits in United States courts. 

• Libertad Act Title III Lawsuit Filings Data/Statistics Since 2019

Certified Claims Background 

There are 8,821 claims of which 5,913 awards valued at US$1,902,202,284.95 were certified by the United States Foreign Claims Settlement Commission (USFCSC) and have not been resolved for nearing sixty years (some assets were officially confiscated in the 1960’s, some in the 1970’s and some in the 1990’s).  The USFCSC permitted simple interest (not compound interest) of 6% per annum (approximately US$114,132,137.10); with the approximate current value of the 5,913 certified claims is approximately US$9.2 billion.  

The first asset (along with 382 enterprises the same day) to be expropriated by the Republic of Cuba was an oil refinery on 6 August 1960 owned by White Plains, New York-based Texaco, Inc., now a subsidiary of San Ramon, California-based Chevron Corporation (USFCSC: CU-1331/CU-1332/CU-1333 valued at US$56,196,422.73).  

From the certified claim filed by Texaco: “The Cuban corporation was intervened on June 29, 1960, pursuant to Resolution 188 of June 28, 1960, under Law 635 of 1959.  Resolution 188 was promulgated by the Government of Cuba when the Cuban corporation assertedly refused to refine certain crude oil as assertedly provided under a 1938 law pertaining to combustible materials.  Subsequently, this Cuban firm was listed as nationalized in Resolution 19 of August 6, 1960, pursuant to Cuban Law 851.  The Commission finds, however, that the Cuban corporation was effectively intervened within the meaning of Title V of the Act by the Government of Cuba on June 29, 1960.” 

The largest certified claim (Cuban Electric Company) valued at US$267,568,413.62 is controlled by Boca Raton, Florida-based Office Depot, Inc.  The second-largest certified claim (International Telephone and Telegraph Co, ITT as Trustee, Starwood Hotels & Resorts Worldwide, Inc.) valued at US$181,808,794.14 is controlled by Bethesda, Maryland-based Marriott International; the certified claim also includes land adjacent to the Jose Marti International Airport in Havana, Republic of Cuba.  The third-largest certified claim valued at US$97,373,414.72 is controlled by New York, New York-based North American Sugar Industries, Inc.  The smallest certified claim is by Sara W. Fishman in the amount of US$1.00 with reference to the Cuban-Venezuelan Oil Voting Trust. 

The two (2) largest certified claims total US$449,377,207.76, representing 24% of the total value of the certified claims.  Thirty (30) certified claimants hold 56% of the total value of the certified claims.  This concentration of value creates an efficient pathway towards a settlement. 

LINK TO COMPLETE ANALYSIS IN PDF FORMAT

Update to OFAC's list of Specially Designated Nationals (SDN) and Blocked Persons; Issuance of Cuba-related General License and Frequently Asked Questions

“1256. Are all persons that operate or have operated in the five sectors of the Cuban economy identified in E.O. 14404 sanctioned by OFAC under E.O. 14404?

No. E.O. 14404 authorizes the Secretary of the Treasury, in consultation with the Secretary of State, or the Secretary of State, in consultation with the Secretary of the Treasury, to impose blocking sanctions on any foreign person determined to operate or have operated in the following sectors of the Cuban economy: (1) energy; (2) defense and related materiel; (3) metals and mining; (4) financial services; and (5) security. E.O. 14404 also authorizes the Secretary of the Treasury, in consultation with the Secretary of State, to determine that the prohibitions in section 2(a)(i)(A) of E.O. 14404 apply to additional sectors of the Cuban economy.

The identification of these sectors exposes foreign persons that operate or have operated in such sectors to sanctions risk; however, it does not automatically impose sanctions on all persons who operate or have operated in those sectors. Only foreign persons determined pursuant to E.O. 14404 to operate or have operated in an identified sector are subject to sanctions under this criterion.

Persons should also note that E.O. 14404 is separate from the Cuban Assets Control Regulations (CACR), 31 CFR part 515. A person that is not sanctioned pursuant to E.O. 14404 may still be subject to CACR prohibitions or restrictions. For further information regarding the CACR prohibitions, please see FAQs 1252, 1254, and 1255.

1255. Are persons blocked pursuant to the Cuban Assets Control Regulations (CACR), 31 CFR part 515, automatically blocked pursuant to the E.O. 14404? 

No. Persons blocked or otherwise identified pursuant to the CACR are not automatically blocked pursuant to the E.O. 14404. The CACR and E.O. 14404 are separate sanctions authorities. E.O. 14404 separately authorizes the imposition of blocking sanctions and certain less-than-blocking sanctions against foreign persons determined to meet one or more of the criteria in E.O. 14404. Persons sanctioned under the CACR are only subject to sanctions under E.O. 14404 if such persons are separately determined by the Secretary of the Treasury or the Secretary of State to meet the criteria under E.O. 14404.

Persons listed on OFAC's Specially Designated Nationals and Blocked Persons List may be identified under one or more sanctions authorities.

1254. On May 7, 2026, the Department of State designated the Cuban entity Grupo de Administración Empresarial S.A. (GAESA) pursuant to E.O. 14404. Are foreign persons, including foreign financial institutions (FFIs), subject to sanctions risk for transacting with GAESA?

Generally, yes, but the U.S. government does not intend to target foreign persons, including FFIs, pursuant to E.O. 14404 for engaging in transactions ordinarily incident and necessary to the wind down of transactions involving GAESA, or any entity in which GAESA owns, directly or indirectly, a 50 percent or greater interest, through June 5, 2026. However, non-U.S. persons, including FFIs, should proceed with caution in any dealings with a party sanctioned under this authority. Actions to return assets to a sanctioned party or transfer them to another jurisdiction for potential use by the target could expose non-U.S. persons to significant sanctions risk.

Foreign persons unable to wind down transactions involving GAESA, or any entity in which GAESA owns, directly or indirectly, a 50 percent or greater interest, before June 5, 2026, are encouraged to contact the OFAC Compliance Hotline.

Persons subject to U.S. jurisdiction, including U.S. persons and entities owned or controlled by U.S. persons, should additionally note that this limited non-targeting posture does not authorize any transaction prohibited by the Cuban Assets Control Regulations (CACR), 31 CFR part 515, or any other OFAC sanctions authority. Persons subject to U.S. jurisdiction have long been prohibited from transacting with GAESA, a Cuban military-controlled entity, absent OFAC authorization. GAESA has been identified on the List of Specially Designated Nationals and Blocked Persons (SDN List) and the State Department-administered Cuba Restricted List since December 21, 2020. Accordingly, persons subject to U.S. jurisdiction continue to be prohibited from engaging in transactions involving GAESA, including in connection with a foreign person's wind down of activities with GAESA, unless separately authorized by OFAC.

1253. What does Cuba-related General License (GL) 1, "Transactions Authorized Pursuant to the Cuban Assets Control Regulations," authorize? 

On May 7, 2026, OFAC issued Cuba-related GL 1, authorizing all transactions prohibited by E.O. 14404 where such transactions are authorized or exempt under the Cuban Assets Control Regulations, 31 CFR part 515 (CACR).

GL 1 includes transactions authorized by either general or specific license issued pursuant to the CACR. GL 1 is intended to ensure activity authorized or exempt under the CACR is not interrupted if a foreign person already blocked or otherwise identified under the CACR is also blocked pursuant to E.O. 14404, such as Grupo de Administración Empresarial S.A. (GAESA). In such cases, no additional OFAC authorization beyond GL 1 would be required to engage in CACR-authorized activities.

GL 1 does not expand the scope of any authorization or exemption under the CACR. Any transaction must continue to comply with all relevant conditions and limitations as provided in the CACR to be authorized under GL 1. As with all OFAC GLs, GL 1 is "self-executing," meaning that persons who assess that their transactions fall within the scope of the authorization may proceed without further assurance from OFAC. Transactions prohibited by E.O. 14404 require additional OFAC authorization if not authorized or exempt under the CACR.

1252. Does E.O. 14404 alter U.S. sanctions on Cuba pursuant to the Cuban Assets Control Regulations (CACR)? 

No. All existing prohibitions and authorizations pursuant to the CACR remain in effect.

E.O. 14404 was issued pursuant to the International Emergency Economic Powers Act (IEEPA), and is distinct from the CACR, which is issued pursuant to the Trading with the Enemy Act (TWEA), among other statutes. These authorities function in parallel. E.O. 14404 establishes the authority for a new Cuba-related sanctions program that includes blocking sanctions and certain less-than-blocking sanctions against foreign persons determined to meet one or more of the criteria in E.O. 14404.

Simultaneously, OFAC continues to administer the CACR, including its prohibitions, authorizations, and exemptions. OFAC maintains the authority to identify certain persons on the List of Specially Designated Nationals and Blocked Persons (SDN List) under the CACR, including persons acting for or on behalf of the Government of Cuba. However, the CACR continues to operate as a jurisdictional sanctions program focused specifically on Cuba and Cuban nationals.

Furthermore, Sections 2(b) and 4(c) of E.O. 14404 state that the relevant prohibitions found in E.O. 14404 do not affect the validity of licenses issued pursuant to the CACR.

1251. What does Executive Order (E.O.) 14404 of May 1, 2026, "Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to U.S. National Security and Foreign Policy," do?

E.O. 14404 takes additional steps with respect to the national emergency declared in E.O. 14380 of January 29, 2026, "Addressing Threats to the United States by the Government of Cuba." E.O. 14404 authorizes the imposition of sanctions by the Secretary of the Treasury and the Secretary of State on foreign persons determined to be involved in specified harmful activities related to Cuba, including: operating, or having operated in identified sectors of the Cuban economy (e.g., Cuba’s energy, defense and related materiel, metals and mining, financial services, and security sectors); acting for or on behalf of, or providing support to, the Government of Cuba or persons blocked pursuant to E.O 14404; and being responsible for or complicit in serious human rights abuse or corruption related to Cuba.  E.O. 14404 establishes a new Cuba-related sanctions program under the International Emergency Economic Powers Act (IEEPA) that is separate from, and in addition to, the Cuban Assets Control Regulations (CACR), 31 CFR part 515. All existing CACR prohibitions and authorizations remain in effect. E.O. 14404 also expressly states that prohibitions within and actions taken pursuant to E.O. 14404 do not affect the validity of licenses issued pursuant to the CACR. Additionally, on May 7, 2026, OFAC issued Cuba-related General License 1, "Transactions Authorized Pursuant to the Cuban Assets Control Regulations," authorizing all transactions prohibited by E.O. 14404 where transactions are authorized or exempt under the CACR. See FAQ 1253 for additional information.

While the United States has long maintained sanctions on Cuba and Cuban nationals pursuant to the CACR, E.O. 14404 broadens U.S. sanctions on Cuba to include authorizing sanctions on non-Cuban foreign persons for providing support to Cuba and on foreign financial institutions for conducting or facilitating significant transactions involving persons blocked pursuant to E.O. 14404. Foreign persons, including foreign financial institutions, should be aware of the new sanctions risk for engaging in certain conduct with Cuba as outlined in E.O. 14404.

Additions To SDN List

LASTRES MORERA, Ania Guillermina, Marianao, Havana, Cuba; DOB 19 Aug 1962; POB Marianao, Cuba; nationality Cuba; Gender Female (individual) [CUBA-EO]. 

GRUPO DE ADMINISTRACION EMPRESARIAL S.A. (a.k.a. GAESA; a.k.a. "GRUPO GAE"), Edificio de la Marina, Avenida Del Puerto Y Brapia, Havana, Cuba; Organization Established Date 28 Feb 1999; Organization Type: Activities of holding companies [CUBA]. -to- GRUPO DE ADMINISTRACION EMPRESARIAL S.A. (a.k.a. GAESA; a.k.a. "GRUPO GAE"), Edificio de la Marina, Avenida Del Puerto Y Brapia, Havana, Cuba; Organization Established Date 28 Feb 1999; Organization Type: Activities of holding companies; Entity Code 60446 (Cuba) [CUBA] [CUBA-EO]. 

MOA NICKEL SA, Cuba [CUBA]. -to- MOA NICKEL SA, Moa, Cuba; Organization Established Date 1994; Organization Type: Mining of other non-ferrous metal ores [CUBA] [CUBA-EO].”

Libertad Act 

The Trump-Pence Administration (2017-2021) on 2 May 2019 made operational Title III of the Cuban Liberty and Democratic Solidarity Act of 1996 (known as “Libertad Act”).  

Title III authorizes lawsuits in United States District Courts against companies and individuals who are using a certified claim or non-certified claim where the owner of the certified claim or non-certified claim has not received compensation from the Republic of Cuba or from a third-party who is using (“trafficking”) the asset.   

Title IV restricts entry into the United States by individuals who have connectivity to unresolved certified claims or non-certified claims.   

Toronto, Canada-based Sherritt International Corporation executives have been subject to since 1996 to Libertad Act Title IV provisions (no travel visas). 

Suspension History 

Title III was suspended every six months since the Libertad Act was enacted in 1996- by President William J. Clinton (1993-2001), President George W. Bush (2001-2009), President Barack H. Obama (2009-2017) and through the first two years of President Donald J. Trump (2017-2021).  President Joseph Biden (2021-2025) suspended again on 14 January 2025.  On 20 January 2025, President Donald J. Trump (2025-2029) reversed the suspension.   

• On 16 January 2019, The Honorable Mike Pompeo, United States Secretary of State, reported a suspension for forty-five (45) days. 

• On 4 March 2019, Secretary Pompeo reported a suspension for thirty (30) days. 

• On 3 April 2019, Secretary Pompeo reported a further suspension for fourteen (14) days through 1 May 2019. 

• On 17 April 2019, the Trump Administration reported that it would no longer suspend Title III. 

• On 2 May 2019, certified claimants and non-certified claimants were permitted to file lawsuits in United States courts. 

Certified Claims Background 

There are 8,821 claims of which 5,913 awards valued at US$1,902,202,284.95 were certified by the United States Foreign Claims Settlement Commission (USFCSC) and have not been resolved for nearing sixty years (some assets were officially confiscated in the 1960’s, some in the 1970’s and some in the 1990’s).  The USFCSC permitted simple interest (not compound interest) of 6% per annum (approximately US$114,132,137.10); with the approximate current value of the 5,913 certified claims is approximately US$9.2 billion. 

OFAC Issues General License Relating To Cuba Transactions

Office of Foreign Assets Control
United States Department of the Treasury
Washington DC

7 May 2026

Executive Order 14404 of May 1, 2026 Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Security and Foreign Policy 

GENERAL LICENSE NO. 1

Transactions Authorized Pursuant to the Cuban Assets Control Regulations (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by Executive Order 14404 are authorized to the extent such transactions are authorized or exempt under the Cuban Assets Control Regulations, 31 CFR part 515 (CACR), including transactions authorized by a general or specific license pursuant to the CACR. (b) This general license does not authorize any transaction that is otherwise prohibited by 31 CFR Chapter V. 

Bradley T. Smith
Director
Office of Foreign Assets Control

United States Government Sanctions Canada-Cuba Joint Venture And GAESA

United States Department of State
Washington DC
7 May 2026

U.S. Sanctions Target Cuba’s Military Regime, Elites
Marco Rubio, Secretary of State

The Trump Administration is taking decisive action to protect U.S. national security and deprive Cuba’s communist regime and military of access to illicit assets.  Today, I designated the following actors under President Trump’s Executive Order 14404 of May 1, 2026, “Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Security and Foreign Policy”:  

• GRUPO DE ADMINISTRACION EMPRESARIAL S.A. (GAESA), pursuant to section 2(a)(i)(A) of E.O. 14404, for operating or having operated in the financial services sector of the Cuban economy.   

• ANIA GUILLERMINA LASTRES MORERA (LASTRES), pursuant to section 2(a)(i)(E) of E.O. 14404, for being or having been a leader, official, senior executive officer, or member of the board of directors of GAESA.   

• MOA NICKEL SA (MNSA), pursuant to section 2(a)(i)(A) of E.O. 14404 for operating or having operated in the metals and mining sector of the Cuban economy.   

These sanctions are part of the Trump Administration’s comprehensive campaign to address the pressing national security threats posed by Cuba’s communist regime and hold accountable the regime and those who provide it material or financial support.  Just 90 miles from the American homeland, the Cuban regime has brought the island to ruin and auctioned off the island as a platform for foreign intelligence, military and terror operations.  Additional designations can be expected in the following days and weeks.   

BACKGROUND 

GAESA, a Cuban military-controlled umbrella enterprise, is the heart of Cuba’s kleptocratic communist system.  Controlling an estimated 40 percent or more of the island’s economy, GAESA is involved in various sectors of the Cuban economy and is designed to generate income not for the Cuban people, but only for the benefit of its corrupt elites.  While the Cuban people suffer from hunger, disease and chronic under-investment in critical infrastructure such as its power grid, much of the proceeds of GAESA’s activities are funneled away to hidden overseas bank accounts.  According to recent public estimates, GAESA’s revenues are likely more than three times the state’s budget, and GAESA likely controls up to $20 billion in illicit assets.  Lastres, the Executive President of GAESA, is responsible for the management of GAESA’s illicit assets held internationally.  MNSA, a joint venture between Sherritt International Corporation and the Cuban state-owned La Compania General de Niquel, has exploited Cuba’s natural resources to benefit the regime at the expense of the Cuban people. It profits from assets that were originally expropriated by the Cuban regime from U.S. persons and corporations.   

SANCTIONS IMPLICATIONS   

As a result of today’s sanctions-related actions, and in accordance with Executive Order 14404 of May 1, 2026, “Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to U.S. National Security and Foreign Policy,” all property and interests in property of the designated persons described above that are in the United States or in possession or control of U.S. persons are blocked and must be reported to the Department of Treasury’s Office of Foreign Assets Control (OFAC).  Additionally, all entities and individuals that have ownership, either directly or indirectly, 50 percent or more by one or more blocked persons are also blocked.   

All transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons are prohibited unless authorized by a general or specific license issued by OFAC or exempt.  These prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person and the receipt of any contribution or provision of funds, goods, or services from any such person.  Foreign persons that engage in transactions with persons designated pursuant to E.O. 14404 – or that operate in the energy, defense and related materiel, metals and mining, financial services, or security sector of the Cuban economy, as identified in E.O. 14404 – are themselves at risk of sanctions.  Non-U.S. persons, including foreign financial institutions, should proceed with caution in any dealings with a party sanctioned under this authority.  Actions to return assets to a sanctioned party or transfer them to another jurisdiction for potential use by the target could expose non-U.S. persons to significant sanctions risk.  All property and interests in property of persons that are blocked pursuant to the CACR continue to be blocked.  The CACR prohibits persons subject to U.S. jurisdiction from dealing in property in which Cuba or a Cuban national has an interest, unless authorized or exempt. 

The power and integrity of U.S. government sanctions derive not only from the U.S. government’s ability to designate and add persons to the Specially Designated Nationals and Blocked Persons (SDN) List, but also from its willingness to remove persons from the SDN List consistent with the law.  The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior.    

Petitions for removal from the SDN List may be sent to: OFAC.Reconsideration@treasury.gov.  Petitioners may also refer to the Department of State’s Delisting Guidance page.  

State’s action is being taken pursuant to Executive Order (E.O.) 14404, which authorizes sanctions on Cuban regime officials responsible for repression and threats to U.S. national security. This action also furthers both E.O. 14380, “Addressing Threats to the United States by the Government of Cuba” and National Security Presidential Memorandum 5 (NSPM-5), which directs the Executive Branch to improve human rights, encourage the rule of law, foster free markets and free enterprise, and promote democracy in Cuba. 

Libertad Act 

The Trump-Pence Administration (2017-2021) on 2 May 2019 made operational Title III of the Cuban Liberty and Democratic Solidarity Act of 1996 (known as “Libertad Act”).  

Title III authorizes lawsuits in United States District Courts against companies and individuals who are using a certified claim or non-certified claim where the owner of the certified claim or non-certified claim has not received compensation from the Republic of Cuba or from a third-party who is using (“trafficking”) the asset.   

Title IV restricts entry into the United States by individuals who have connectivity to unresolved certified claims or non-certified claims.   

Toronto, Canada-based Sherritt International Corporation executives have been subject to since 1996 to Libertad Act Title IV provisions (no travel visas). 

Suspension History 

Title III was suspended every six months since the Libertad Act was enacted in 1996- by President William J. Clinton (1993-2001), President George W. Bush (2001-2009), President Barack H. Obama (2009-2017) and through the first two years of President Donald J. Trump (2017-2021).  President Joseph Biden (2021-2025) suspended again on 14 January 2025.  On 20 January 2025, President Donald J. Trump (2025-2029) reversed the suspension.   

• On 16 January 2019, The Honorable Mike Pompeo, United States Secretary of State, reported a suspension for forty-five (45) days. 

• On 4 March 2019, Secretary Pompeo reported a suspension for thirty (30) days. 

• On 3 April 2019, Secretary Pompeo reported a further suspension for fourteen (14) days through 1 May 2019. 

• On 17 April 2019, the Trump Administration reported that it would no longer suspend Title III. 

• On 2 May 2019, certified claimants and non-certified claimants were permitted to file lawsuits in United States courts. 

Certified Claims Background 

There are 8,821 claims of which 5,913 awards valued at US$1,902,202,284.95 were certified by the United States Foreign Claims Settlement Commission (USFCSC) and have not been resolved for nearing sixty years (some assets were officially confiscated in the 1960’s, some in the 1970’s and some in the 1990’s).  The USFCSC permitted simple interest (not compound interest) of 6% per annum (approximately US$114,132,137.10); with the approximate current value of the 5,913 certified claims is approximately US$9.2 billion. 

Sherritt International Corporation In Canada "Provides Update On Joint Venture Activities In Cuba"

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

”TORONTO – Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) provides the following update further to its May 4, 2026 news release regarding the Executive Order issued by the U.S. administration on May 1, 2026 expanding its sanctions against Cuba (the “Executive Order”). Brian Imrie, Richard Moat and Brett Richards have resigned from the Corporation’s Board of Directors effective immediately.

Sherritt has not been formally designated under the Executive Order. However, such a designation could occur at any time. In any event, the mere issuance of the Executive Order itself creates conditions that materially alter the Corporation’s ability to operate in the ordinary course, including activities related to Sherritt’s Cuban joint venture operations.

Following consultation with its advisors, Sherritt has suspended its direct participation in joint venture activities in Cuba, effective immediately. Sherritt is taking steps to repatriate Sherritt’s expatriate employees in Cuba and Sherritt has requested that partners repatriate their expatriate personnel in Canada. Sherritt has communicated such decisions in a letter to its Cuban partners.

Currently, there is no immediate impact on operations in Fort Saskatchewan, Alberta. The refinery is continuing to produce finished nickel and cobalt for sale. The inventory of feed it has available for such production is expected to last until approximately mid-June.

The Executive Order, and any designation under the Executive Order, may also result in financial or other providers being unable or unwilling to continue to support Sherritt’s operation or other business activities.

Sherritt will continue to consult with its advisors and stakeholders as it assesses the implications of the Executive Order.

About Sherritt

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.

Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.

Forward-Looking Statements

Certain statements and other information included in this press release may constitute “forward -looking information” or “forward-looking statements” (collectively, “forward-looking statements”) under applicable securities laws (such statements are often accompanied by words such as “anticipate”, “forecast”, “expect”, “believe”, “may”, “will”, “should”, “estimate”, “intend” or other similar words). All statements in this press release, other than those relating to historical information, are forward-looking statements. Forward looking statements in this press release include, without limitation, statements regarding the implications of the Executive Order; the potential designation of Sherritt under the Executive Order, including that such designation could occur at any time; expectations regarding the availability and duration of feed inventory to support production at the Fort Saskatchewan refinery; and the implications of the suspension of Sherritt’s participation in Cuban joint venture activities.

The Corporation cautions readers of this press release not to place undue reliance on any forward-looking statement as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements. The key risks and uncertainties should be considered in conjunction with the risk factors described in the Corporation’s other documents filed with the Canadian securities authorities, including without limitation the “Managing Risk” section of the Management’s Discussion and Analysis for the three months and year ended December 31, 2025 and the Annual Information Form of the Corporation dated March 23, 2026 for the period ending December 31, 2025, which is available on SEDAR+ at www.sedarplus.ca. The forward-looking information and statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any oral or written forward-looking information or statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.”

Libertad Act 

The Trump-Pence Administration (2017-2021) on 2 May 2019 made operational Title III of the Cuban Liberty and Democratic Solidarity Act of 1996 (known as “Libertad Act”).  

Title III authorizes lawsuits in United States District Courts against companies and individuals who are using a certified claim or non-certified claim where the owner of the certified claim or non-certified claim has not received compensation from the Republic of Cuba or from a third-party who is using (“trafficking”) the asset.   

Title IV restricts entry into the United States by individuals who have connectivity to unresolved certified claims or non-certified claims.   

Toronto, Canada-based Sherritt International Corporation executives have been subject to since 1996 to Libertad Act Title IV provisions (no travel visas). 

Suspension History 

Title III was suspended every six months since the Libertad Act was enacted in 1996- by President William J. Clinton (1993-2001), President George W. Bush (2001-2009), President Barack H. Obama (2009-2017) and through the first two years of President Donald J. Trump (2017-2021).  President Joseph Biden (2021-2025) suspended again on 14 January 2025.  On 20 January 2025, President Donald J. Trump (2025-2029) reversed the suspension.   

• On 16 January 2019, The Honorable Mike Pompeo, United States Secretary of State, reported a suspension for forty-five (45) days. 

• On 4 March 2019, Secretary Pompeo reported a suspension for thirty (30) days. 

• On 3 April 2019, Secretary Pompeo reported a further suspension for fourteen (14) days through 1 May 2019. 

• On 17 April 2019, the Trump Administration reported that it would no longer suspend Title III. 

• On 2 May 2019, certified claimants and non-certified claimants were permitted to file lawsuits in United States courts. 

Certified Claims Background 

There are 8,821 claims of which 5,913 awards valued at US$1,902,202,284.95 were certified by the United States Foreign Claims Settlement Commission (USFCSC) and have not been resolved for nearing sixty years (some assets were officially confiscated in the 1960’s, some in the 1970’s and some in the 1990’s).  The USFCSC permitted simple interest (not compound interest) of 6% per annum (approximately US$114,132,137.10); with the approximate current value of the 5,913 certified claims is approximately US$9.2 billion. 

Cuba Announces New Laws On Migration, Foreigners and Citizenship

The Government of the Republic of Cuba announces new laws on Migration, Foreigners and Citizenship (5 May 2026)

The Government of the Republic of Cuba announced the new Migration, Foreigners, and Citizenship Laws, along with their respective regulations, as part of the comprehensive process of updating the country’s legal framework.

During a press conference, Cuban authorities from the Directorate of Identification, Immigration, and Foreigners and the General Directorate of Consular Affairs and Cubans Residing Abroad of the Ministry of Foreign Affairs reported that the regulations were approved following an extensive consultation process involving 37 agencies, which enriched their content and ensured their alignment with national and international realities.

The new provisions represent a qualitative leap in regulatory scope, significantly expanding the current legal framework. Among the main objectives, the laws aim to define immigration rights and duties more clearly, strengthen ties with Cubans residing abroad, and adapt the legal system to current trends in human mobility.

One of the central elements is the introduction of the concept of Effective Migration Residence, which recognizes as residents those individuals—whether Cuban or foreign—who remain in the country for more than 180 cumulative days per year, or those who, even without meeting this requirement, demonstrate deep roots through family, work, economic or property ties. Likewise, the previous 24-month limit on time spent abroad for Cuban citizens is eliminated, it is established that there is no time limit on their stay in the country; and furthermore, the increase in the number of people classified as emigrants is halted.

Regarding rights, it is reaffirmed that Cubans residing abroad retain the right to use, enjoy, and freely dispose of their property within the national territory, in accordance with the Constitution of the Republic.

The regulations also reorganize the immigration categories for Cuban and foreign citizens, incorporating new classifications such as provisional resident and humanitarian resident, and expanding the grounds for applying for permanent residence in Cuba, including family ties, length of stay in the country, professional qualifications and investment capacity.

Similarly, specific provisions are established for the protection of victims of migrant smuggling and human trafficking, with special attention to women, girls, boys, and teenagers.

Regarding citizenship, the concept of effective citizenship is introduced, recognizing the possibility of holding another citizenship without losing the Cuban one, although the obligation to use the latter in legal proceedings within the national territory remains. 

The processes for acquiring, renouncing, losing, being deprived of, and regaining citizenship are also regulated, including more clearly defined requirements for naturalization.

The new laws also strengthen citizens’ legal protections by establishing administrative procedures that allow to challenge decisions made by immigration authorities, thereby enhancing transparency and due process.

With this legislative update, Cuba reaffirms its commitment to modernizing its immigration policy, strengthening ties with its emigrants, and ensuring a legal framework that is more inclusive, orderly, and in line with the country’s economic and social transformations.

(Nación y Emigración-Cubaminrex)

Categoría: Comunidad cubana

LINK To MINREX Statement