State Freezes Assets of Cuban Prez and Cronies
Published Date: 8/5/2026
Notice
Summary
The U.S. Department of State has added three Cuban individuals, including Alejandro Castro Espin and Miguel Diaz-Canel, to a special sanctions list as of June 4, 2026. This means all their property under U.S. control is frozen, cutting off their access to U.S. money and assets. These actions target people linked to the Cuban government and take effect immediately.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Named Cuban individuals' U.S. assets frozen
On June 4, 2026, the Department of State added five named Cuban individuals to the U.S. Treasury Department's Specially Designated Nationals (SDN) List: Alejandro Castro Espin; Raul Alejandro Castro Calis; Miguel Diaz‑Canel Bermudez; Lis Cuesta Peraza; and Manuel Anido Cuesta. All property and interests in property of those persons that are subject to U.S. jurisdiction are blocked, meaning their U.S.-subject money and assets are frozen.
Cuban entities added to SDN List; U.S. property blocked
On June 4, 2026, the Department of State added several Cuban organizations to the SDN List, including the Ministry of the Revolutionary Armed Forces of Cuba (MINFAR), Committees for the Defense of the Revolution (CDR), Minera La Victoria SA, Cuban Institute of Friendship with the Peoples (ICAP), and Amistur Cuba SA. All property and interests in property of these listed organizations that are subject to U.S. jurisdiction are blocked, which freezes their U.S.-subject assets.
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