European companies flee Cuba as US sanctions go into effect – POLITICO
The package singles out companies working with the Cuban military’s Grupo de Administración Empresarial S.A. (GAESA) enterprise, a shadowy megaconglomerate estimated to control around 40 percent of the island’s economy, according to classified government ledgers obtained by the Miami Herald last year. The state-controlled entity, whose finances are closely guarded, operates the country’s banking industry, […]
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