Gaesa is “a holding company created by generals that has generated billions of dollars in revenue, none of which benefits the Cuban people,” the Secretary of State explained to the Italian press.

14ymedio, Madrid, May 8, 2025 / US Secretary of State Marco Rubio asserted on Friday that further sanctions against the Cuban regime will follow those announced on Thursday. When asked about them at a press conference in Rome, after meeting with Italian Prime Minister Giorgia Meloni, he explained that the Business Administration Group (GAESA) is “a holding company created by generals in Cuba that has generated billions of dollars in revenue, none of which benefits the Cuban people.”
He continued: “Not a single cent of that money benefits the Cuban people. There is the Cuban government, which has a budget, and then there is this private company that has more money than the government itself. Not a single cent from that company goes toward building a single road, a single bridge, or providing a single grain of rice to a single Cuban, except for the people who are part of GAESA.”
“These are not sanctions against the Cuban people,” he affirmed, but rather sanctions against “companies that are basically taking everything that generates money in Cuba and illegally funneling it into the pockets of a few members of the regime.” He emphasized this point, arguing that “this is a sanction against this company that is robbing the Cuban people for the benefit of a few.”
“These are not sanctions against the Cuban people,” he affirmed, but rather sanctions against “companies that are basically taking everything that generates money in Cuba.”
Rubio said he did not discuss it during the audience yesterday, Thursday, with Pope Leo XIV, but added: “We are going to take further measures.”
What they did discuss, he said, was aid to Cuba. Regarding this, he informed the Pope that the United States had provided six million dollars in humanitarian aid, which was distributed by Caritas, the Catholic Church’s charity, and that they were prepared to do more.
“In fact,” he asserted, “we have offered the regime $100 million in humanitarian aid. Unfortunately, so far they have not agreed to distribute it continue reading
The US, he emphasized, “wants to help Cuba, which is suffering because of this incompetent regime that has destroyed the country and the economy.”
The State Department, headed by Rubio, on Thursday named new individuals sanctioned by the U.S. administration within the Cuban regime: in addition to Gaesa: they are the president of Gaesa, Ania Guillermina Lastres Morera, and the state-owned company associated with the Canadian firm Sherritt International that operates in the Holguín mines, Moa Nickel SA
The Foreign Ministry itself echoed this Friday the demonstrations carried out in Italy this Thursday against the Secretary of State
In a statement, the Secretary of State explained that he designated these “subjects” under the executive order signed by President Donald Trump on May 1 , which determined to impose sanctions “on those responsible for repression in Cuba and threats to the national security and foreign policy of the United States.”
The regime reacted immediately to the new sanctions, via the Foreign Minister’s social media accounts, which described the measures as a “collective punishment” and denounced the US for “its genocidal intent against the Cuban nation.”
The Italian Foreign Ministry itself echoed reports on Friday of the demonstrations held in Italy on Thursday against the US Secretary of State for his visit, in “more than 50 cities.” The official press also reported a “massive demonstration” in Rome’s central Piazza dei Apostoli, organized by the Network of Communists and other far-left youth organizations, such as Cambiare Rotta and the Alternative Student Opposition (OSA). “Rubio out of Rome!” and “Cuba is not alone!” were among the slogans chanted by the pro-Castro crowd.
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