The U.S. government imposed additional sanctions on five Cuban state-owned companies, AP reported on June 23. Three of these targets are linked to Grupo de Administracion Empresarial S.A., or GAESA, a business conglomerate operated by the Cuban Revolutionary Armed Forces, which controls nearly 40% of the country's economy.

In recent weeks, the U.S. Department of the Treasury's Office of Foreign Assets Control has imposed several sanctions on Cuban entities, including GAESA, and high-ranking officials, such as President Miguel Diaz-Canel and former President Raul Castro's son and one of his grandsons. Economic sanctions have led companies in the mining, tourism, logistics and financial services sectors to announce their departure from Cuba. Amid an oil embargo since the start of the year, Cuba has faced persistent blackouts, shortages of basic goods and a lack of public services.

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