business
US slaps new sanctions on Cuban companies key to island's crumbling economy
By Dánica Coto, Associated Press at KSAT 12 (ABC affiliate)
· June 23, 2026
· 1 min read
The U.S. government on Tuesday hit Cuban state companies with new sanctions that analysts say are expected to spook foreign investors and deepen a severe economic crisis.U.S. Secretary of State Marco Rubio said the sanctions target five Cuban entities, including three linked to Grupo de Administr...
Key takeaway Secretary of State Marco Rubio said the sanctions target five Cuban entities, including three linked to Grupo de Administr...
Why this matters in The San Antonio
San Antonio 's significant Cuban-American population will likely be watching the latest developments in US-Cuba relations closely. The new sanctions targeting Cuban state companies, including those linked to the powerful GAESA conglomerate, may have a ripple effect on local businesses and families with ties to the island. As the US government aims to pressure the Cuban regime, San Antonio residents may feel the impact on their own economic and cultural exchanges with Cuba. The city's business community, in particular, may need to reassess their investments and partnerships in light of the sanctions, which threaten to cut off access to the US financial system for those who deal with the targeted entities. With many San Antonio residents having family members or business interests in Cuba, the escalating tensions between the two nations will be felt locally, making it essential to monitor the situation and its potential effects on the city's economy and community.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: June 23, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? The U.S. government on Tuesday hit Cuban state companies with new sanctions that analysts say are expected to spook foreign investors and deepen a severe economic crisis.U.S. Secretary of State Marco Rubio said the sanctions target five Cuban entities, including three linked to Grupo de Administr...
When was this published? This article was first published on June 23, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Dánica Coto, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The San Antonio, or browse our daily briefing and topic hubs .
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