The U.S. administration's economic strategy against Cuba has led to major international hotel chains and a bank processing Visa/Mastercard to withdraw operations. This follows new U.S. regulations requiring foreign firms to divest from ventures linked to Cuba's military conglomerate.
Businesses remaining in Cuba risk U.S. visa denial and asset freezes, while companies face sanctions, including exclusion from American banking. This exodus is expected to worsen Cuba's economic crisis, increasing unemployment and reducing government financial resources.
The U.S. measures, termed "secondary sanctions," target foreign entities, marking an escalation beyond restrictions on American companies. The withdrawal of financial and hospitality services deals a significant blow to Cuba's tourism sector and overall economy.
