US Sanctions Castro Grandson, Cuban Bank and Miners

US Sanctions Castro Grandson, Cuban Bank and Miners

A padlocked chain securing a bank vault door, representing US sanctions on Cuban banks

The News

The United States on Thursday sanctioned Fidel Ernesto Castro, the 31-year-old grandson of former Cuban leader Raul Castro, along with five Cuban companies, as the Trump administration tightens an economic squeeze aimed at breaking the island's communist government.

The State Department said Castro was designated for being an adult family member of other sanctioned members of the Castro family.

The corporate targets are Banco Exterior de Cuba, a state-owned bank; two companies in Cuba's nickel mining industry; and two companies in its struggling energy sector, including an oil import company.

Timeline

January 2026

President Trump launches a heightened pressure campaign against Havana, according to Al Jazeera, combining escalating sanctions with a de facto fuel blockade on top of the decades-old US embargo. Washington has since threatened tariffs on goods from countries that keep shipping fuel to the island.

June 2026

Cuba passes its biggest free-market reforms in decades, 176 measures in all, and carries out prisoner releases it calls a "humanitarian and sovereign gesture."

June 2026

UN High Commissioner for Human Rights Volker Turk says the restrictions are "directly harming Cubans" and calls for them to end.

Aug. 20, 2026

The US hits Cuba's mining and construction sectors with an earlier round of sanctions.

Thursday, Sept. 3, 2026

The State Department announces the sanctions on Fidel Ernesto Castro and the five companies. Hours earlier, Havana published 34 pages of new legal changes loosening state control over industries including tourism.

Reactions

Secretary of State Marco Rubio tied the move to what he called self-dealing by the island's ruling class. "Cuba's Communist regime elites preside over a failed state where ordinary Cubans go hungry," he wrote on X. He accused the government of seeking to "export subversive Marxist ideology to the United States and other states in the Western Hemisphere."

Cuban Foreign Minister Bruno Rodriguez rejected the premise in an interview published Thursday in the state-run newspaper Granma. "The truth is that Cuba does not threaten US national security or the US economy, nor does it wish to do so," he said. "The accusation that Cuba allegedly sponsors terrorism actually reveals the US government's lack of seriousness."

Cuba's Foreign Ministry did not immediately respond to a request for comment on the sanctions themselves, Reuters reported.

Turk, the UN human rights chief, said in June that "children are dying because doctors lack access to essential medical supplies and medicines," calling the situation unacceptable.

What's Next

Washington has said its measures are a response to a national security threat, arguing the Cuban government supports terrorist groups and limits human rights, and that it wants to change the current power structure on the island — leaving further designations likely.

Havana, for its part, is betting on liberalization. Under the rules announced Thursday, private companies will be able to set up their own tour and travel agencies independent of the state, will no longer have to hire employees through state agencies, and some domestic investors will find it easier to open foreign bank accounts.

Those concessions have not moved the Trump administration so far. The US has repeatedly raised the threat of military action against Cuba since the start of the year.

More

Raul Castro, now 95, was a foundational figure of the 1959 revolution. He took over the country in 2006 when his brother Fidel fell ill, served as president until 2018 and has continued to wield significant influence in government since.

Critics of the campaign say the sanctions and the energy blockade together have pushed Cuba's power grid and health care system toward collapse. Rubio counters that the government's own decades of mismanagement and repression are to blame.

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